Skou considers changing management structure after Toft leaves for MSC

Søren Toft's departure from Maersk makes CEO Søren Skou consider changing the management structure at the world's largest container line. As ShippingWatch reported earlier Friday, Toft will become CEO of MSC, but Skou does not expect that this will impact the two companies' alliance.

Maersk lowers expectations for container growth

Maersk projects lower growth in the container market in 2019 than previously stated. The shipping company finished the quarter with a profit of USD 520 million for its continuing activities.

Hapag-Lloyd appoints new CFO

German container shipping line Hapag-Lloyd has appointed a new CFO, who will take over the position from March 1, 2020, replacing the company's current chief financial officer.

Søren Toft could be headed to European competitor

Maersk's now former COO Søren Toft confirms to ShippingWatch that he has landed a new position as CEO. It may well be with one of the major shipping company's European competitors. ShippingWatch reviews the most obvious possibilities.

Søren Toft leaves Maersk

A.P. Møller-Maersk COO Søren Toft steps down and leaves the carrier after more than 25 years with the company. According to Maersk, he is looking for a new opportunity outside of the company. Maersk's CEO will manage his tasks temporarily.

Fewer containers were transported in September

Container Trade Statistics' most recent figures show that the number of transported containers globally continued to drop in September. Compared to September last year, the figure also decreased.

Maersk to test battery on small container vessel

Its long-term climate plan for 2050 now prompts A.P. Møller-Maersk to install a battery on board a smaller container vessel. This is one of several initiatives in the field recently set in motion by the company.

Hapag-Lloyd's captains could learn from Virgin Atlantic's pilots

The container industry is trying to grab the benefits other industries have already reaped. One of them is to learn from pilots’ behavior. For Hapag-Lloyd, innovation has been quite a journey, Head of Fleet Support Center Jörn Springer tells ShippingWatch.

Maersk announces sulfur surcharge on short-term contracts

Maersk just informed its customers of the size of its sulfur surcharges on contracts lasting up to three months, after the company calculated the difference between high- and low-sulfur fuel. See the price of the surcharges on five main routes.

DSV expects operating profit of nearly USD 1 billion for 2019

DSV expects its operating profit for the entire year 2019 to come to USD 986 million after its acquisition of Swiss Panalpina earlier this year. The logistics group also slightly raises its expectation for synergistic effects, according to its interim report.

Analysts say DSV could redivest one part of Panalpina

DSV's acquisition Panalpina transports a lot of perishable goods, and this business could be harder to make money from than regular container freight. Could DSV opt to divest the business again? Three analysts give their assessments prior to DSV's interim report on Friday.

Cosco reports slow growth in third quarter

The container shipping company improved its earnings and doubled its bottom line in the first nine months of the year, but growth in terms of container volume slowed down in the latest quarter. Competitor ONE reported similar results.

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