DAMCO

Vincent Clerc becomes CEO of Maersk’s Ocean and Logistics division

Following the high-profile departure of Maersk chief operating officer Soren Toft to MSC, the Maersk has promoted Vincent Clerc (pictured above) as its new chief executive of Ocean and Logistics.
And Damco veteran Henriette Hallberg Thygesen has joined Maersk’s executive board as chief executive of Towage, Manufacturing & Others.
“A year ago, we integrated our customer facing roles across the company. We are now ready to accelerate the execution of our strategy …

The post Vincent Clerc becomes...

https://theloadstar.com/vincent-clerc-becomes-ceo-of-maersks-ocean-and-logistics-division/

Analysis: 2020 – the financial watershed year for Hapag-Lloyd

When Rolf Habben Jansen took the helm of Hapag-Lloyd in 2014, the German carrier was a private company with 191 vessels (2013: 151) and annual ebitda of €99m (2013: €389m), recording hefty operating losses (-€112m, adjusted ebit and -€383m unadjusted) on annual revenues of €6.8bn.
Other key metrics at the time – 2014 was just one of those very bad years we were used to – are shown in the table …

The post Analysis: 2020 – the financial watershed year for Hapag-Lloyd appeared first on The Loadstar.

https://theloadstar.com/analysis-2020-the-financial-watershed-year-for-hapag-lloyd/

Market Insight: Searching for value in Maersk’s 4PL Syngenta contract

Remember the 4PL push advertised by AP Møller-Mærsk (APMM) and agrochemicals behemoth Syngenta at the end of last week?
Whether or not it was an attempt by APMM to fight its reptilian brain, I don’t know. Forget about it – or just think again would be my advice to you.
Here is the background story that senior sources willingly shared with me over the weekend. It all started here from our previous coverage …

The post Market Insight: Searching for value in Maersk’s 4PL Syngenta contract appeared...

https://theloadstar.com/market-insight-searching-for-value-in-maersks-4pl-syngenta-contract/

Another step to becoming ‘a global integrator’: Maersk in 4PL contract with Syngenta

Maersk this week took another step in its quest to become “a global integrator of container logistics”, signing a 4PL deal with Swiss agrochemical conglomerate Syngenta.
The deal is, effectively, an extension of the 4PL agreement Syngenta signed with Maersk’s logistics subsidiary, Damco, in March 2016.
Yet it remains an important deal for Maersk – “a 4PL logistics provider takes third-party logistics further by managing resources, technology, infrastructure and other logistics providers serving...

https://theloadstar.com/another-step-to-becoming-a-global-integrator-maersk-in-4pl-contract-with-syngenta/

Analysis: Søren Skou adds a T&T variable to the AP Møller-Mærsk mix

Mid-way through last week’s call between the management team of AP Møller-Mærsk (APMM) and sell-side analysts – when we were all busy paying attention to other matters – CEO Søren Skou (pictured above) introduced a new slide (see below) to the typical quarterly presentation of the Danish integrator of container logistics, noting:
“Slide 22, we are now providing you with some new disclosure on our gateway terminals business. What we have here is the …

The post Analysis: Søren Skou adds a T&T...

https://theloadstar.com/analysis-soren-skou-adds-a-tt-variable-to-the-ap-moller-maersk-mix/

Lars Jensen: “(ex) líderes de Maersk controlan 4 de las 6 principales navieras”

El ex director de operaciones de Maersk, Søren Toft, según Shipping Watch se está convirtiendo en CEO de MSC. Según el experto de la industria de contenedores, Lars Jensen, no solo la compañía danesa (por supuesto) está dirigida por una de sus propias personas, sino que los CEO de MSC, Hapag-Lloyd...

https://fullavantenews.com/ex-lideres-de-maersk-para-controlar-4-de-los-6-principales-operadores/?lang=es

Slowly, but surely, ‘digital’ and ‘traditional’ forwarders are getting closer

Incumbent forwarders with an interest in obscuring transparency have played a role in slowing efforts to digitalise the industry, according to Martin Ring, global chief operations officer for Damco.  
“There are forces in the industry that might not have had a great interest in accelerating digitalisation,” he told event group eft. 
“That’s what they made a living out of – making the complicated understandable. And of course, when you see more digitilisation, you get more transparency and more...

https://theloadstar.com/slowly-but-surely-digital-and-traditional-forwarders-are-getting-closer/

Traditional freight forwarders the ‘true architects’ of transport

Traditional freight forwarders are the “true architects” of transport and, with the right tools, can beat fresh competition from digital disruptors and shipping lines. 
According to digital logistics start-up Qwyk, freight forwarders are well-positioned “to provide superior customer service to their rivals”.  
“Every shipper will choose a good customer experience over an average one, and from my point of view, this is where a digitised freight forwarder can score,” said...

https://theloadstar.com/traditional-freight-forwarders-the-true-architects-of-transport/

On the wires: Maersk’s push to win new business via Damco smells of desperation, but it’s in good company

“AP Møller Mærsk A/S – Initiates first phase of share buy-back program: As announced on 24 May 2019, A.P. Møller – Mærsk A/S has decided to initiate a share buy-back program of up to DKK10bn (around $1.5bn) and a maximum of 3.12m shares to be acquired over a period of up to 15 months” – AP Møller-Maersk (APMM), 3 June 2019.
Onwards and upwards: The shares of APMM rallied over 3% from …

The post On the wires: Maersk’s push to win new business via Damco smells of desperation, but it’s in good...

https://theloadstar.com/on-the-wires-maersks-push-to-win-new-business-via-damco-smells-of-desperation-but-its-in-good-company/

First-quarter performance delivers 42% increase in profits for Maersk

Despite Maersk saying it is not “where it needs to be”, the first quarter was certainly kind, with the carrier recording a 33% bounce in profits on the back of a 2.5% upturn in revenues.
Group revenue hit $9.5bn, generating $1.2bn in ebitda over the three months and, although it reported a group-wide net loss of $104m, chief executive Soren Skou told investors he was pleased with the performance.
“We have had …

The post First-quarter performance delivers 42% increase in profits for Maersk...

https://theloadstar.com/first-quarter-performance-delivers-42-increase-in-profits-for-maersk/

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