ShippingWatch

Søren Skou: 2019 looks even more uncertain

CEO Søren Skou thinks Maersk has a problem with earnings. And the rising oil price, an unpredictable US president and lower global growth in 2019 will only counteract the chief executive's important task of increasing operating earnings.

Photo: Bloomberg

2019 already looks set to become an even tougher year for Maersk than 2018, in which Maersk did not reach its ambition in terms of transport and logistics earnings.

CEO Søren Skou is quite satisfied with the development in revenue in the past year, meaning the number of containers the carrier, including its Hamburg Süd acquisition, has transported on the oceans. He also thinks the extensive task of streamlining Maersk, by divesting the oil business and transforming the company into a pure play logistics business within a few years, is going according to plan.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

3i buys AMP out of Esvagt

Private equity firm 3i, which owns half of carrier Esvagt, has agreed with the company's second owner, AMP Capital, to take over all of Esvagt for GBP 268 million, making 3i the sole owner. The transaction is expected to close in the first quarter of 2022.

Further reading

Related articles

Latest news

See all jobs