COPENHAGEN, Jan 15 (Reuters) - Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview. "Is it really a good idea that we don't allow the creation of a European global champion? In doing so, we risk being outperformed by a … [Read more...]
Maersk Loses Top Female Exec
(Bloomberg) --The shipping industry is known as something of a rugged establishment in which mostly male executives climb to the top of a mostly male ladder. In Denmark, A.P. Moller-Maersk A/S broke that mold earlier this year when it brought Carolina Dybeck Happe on board as its chief financial officer. The 47-year-old Swede -- a former Assa Abloy finance chief -- would … [Read more...]
Maersk CFO Leaves for GE
Nov 25 (Reuters) - General Electric Co has named Carolina Dybeck Happe, currently finance chief at shipper AP Moller-Maersk as its chief financial officer, the latest in a slew of management changes aimed at stabilizing the U.S. industrial conglomerate. Happe will start in early 2020 and replaces Jamie Miller, whose departure was announced earlier this year as new Chief … [Read more...]
MSC Noses Toward Top Liner Ranking After Poaching Star Maersk Exec
By Mike Wackett (The Loadstar) - Maersk’s cuts in capital expenditure, including its decision not to order new vessels in the next two years, will clear the way for MSC to take over as the top-ranked ocean carrier, according to Alphaliner, And The Loadstar’s sources suggested that this “profit over market share” strategy by the Danish transport group may have contributed to … [Read more...]
MSC Confirms Toft’s Appointment as CEO of Shipping and Logistics Business
By Jonathan Saul LONDON, Nov 18 (Reuters) - Swiss headquartered container group MSC has hired Soren Toft as chief executive of its shipping and logistics business from rival A.P. Moller Maersk , a company spokesman said on Monday. Toft will report directly to Diego Aponte, MSC group's president, and Gianluigi Aponte, the company's founder and group chairman, the MSC … [Read more...]