ShippingWatch

The new strategy for Maersk's 5th core business unit

Morten Engelstoft, with his new strategy for the Maersk Group's fifth core business unit, wants to improve the unit's profits significantly. Two of the companies in the unit are in a worse position than their competitors.

Photo: Maersk

CEO of Maersk Tankers and head of the Maersk Group's fifth core business unit, Morten Engelstoft, will over the next two years bring two of the Maersk Group's worst performing companies back on track.

At the Maersk Group's Capital Markets Day in Copenhagen, he presented - for the first time - an outline of the plans to increase the unit's profit, which is particularly lagging at Maersk Tankers and Damco.

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

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs