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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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

ECSA's new secretary general balances on a razor's edge

ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.

Further reading

Related articles

Latest news

See all jobs