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A million-dollar dent for the boss with the spotless maritime career

Søren Skou delivered his first swing and miss when Maersk Line was forced to downgrade expectations recently. But the shipping boss with 30 years experience from the Maersk Group has a great reputation and no one blames him for a profit plunge in a brutal container market.

Photo: Carsten Snejbjerg/Polfoto/Arkiv

Søren Skou’s career in the Maersk Group has been as polished as the blue-tinted windows in the shipping group’s headquarters at the Esplanade in Copenhagen, Denmark.

But news coming from the group last Friday caused a dent in the shipping boss’ otherwise impeccable reputation, as a decline in net profit in carrier Maersk Line forced the group to downgrade expectations for the full year to the tune of USD 600 million. The announcement also took its toll on the share price which dipped by 5.2 percent. That kind of thing is usually seen as a serious matter in a global corporation with due diligence as its motto.

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