Robert Bugbee: Torm, Norden and Hafnia could make new, powerful shipping giant

A merger between Torm, Norden and Hafnia could create a new global powerhouse, says CEO of a major competitor of the Danish shipping companies. Hafnia's chief exec is open to the thought experiment but also sees disadvantages to such a large merger.

Robert Bugbee, CEO of carrier Scorpio Tankers, has vast experience with buying and selling shipping companies. In 2007, he helped sell a US carrier to Torm, and Scorpio acquired a major competitor 2017. | Photo: Tomas Kristiansen

Torm, Hafnia and Norden could create a new Danish shipping giant on the oil market if they were to merge, says Robert Bugbee, CEO and co-owner of competing Scorpio Tankers, one of the largest product tanker operators in the world.

If Torm, Hafnia and Norden joined, they would become quite the powerhouse.

Robert Bugbee, CEO, Scorpio Tankers

Read the whole article

Get 14 days free access.

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

Growth prompts OSM to send 150 managers on a leadership course

An equal approach to management and a desire to be more aligned are some of the reasons why OSM is sending both top and mid-level managers on a custom-made leadership course. ShippingWatch has spoken to OSM’s new chief culture officer about the initiative.

MSC, Lufthansa mull acquiring Italian state aviation firm

The world’s largest container line, MSC, and German aviation company Lufthansa have offered to take over Italian state airline ITA, the former Alitalia. MSC and Lufthansa have requested a 90-day exclusivity period to closely examine ITA.

Further reading

Related articles

Latest news

See all jobs