Søren Skou

Maersk collaborating to ‘alleviate supply chain pain points’

A.P. Møller – Maersk said it is taking container congestion and intermodal equipment scarcity seriously and addressing “the concerns of the U.S. export community and the trucking industry feeling the impact during this already difficult time.”

Maersk North America said in a press release Monday that as a result of “surging U.S. imports and the resulting intermodal equipment flow imbalances, all members of the logistics sector have been challenged to find solutions. Maersk senior officials have...

https://s29755.pcdn.co/news/maersk-collaborating-to-alleviate-supply-chain-pain-points

M&A radar: Mærsk’s finger on the M&A trigger – sink the 8-ball, Mr Skou

AP Møller-Mærsk (APMM) CEO Søren Skou deserves a word of praise.
Time flies
Only twelve months ago, with the stock trading at just over Dkr9,000 ahead of a dramatic Covid-19-led plunge (to as low as Dkr4,900 and change), the fear was that bouncing back from the abyss was mission impossible.
Skou’s first remarks immediately after he took over from Nils Andersen retuned with a vengeance. Just over four years ago, he had noted …

The post M&A radar: Mærsk’s finger on the M&A trigger – sink the...

https://theloadstar.com/ma-radar-maersks-finger-on-the-ma-trigger-sink-the-8-ball-mr-skou/

Covid strategy pays dividends for Maersk with strong Q3

The Ocean division has boosted Maersk’s third-quarter results, showing remarkable growth in earnings of 39% on contracting revenues as the company’s strategy of managing capacity pays off spectacularly.

The demand recovery, following the slowdown of the second quarter, which led to the reactivation of all available tonnage as well as significantly higher prices in the short-term market, helped the Copenhagen-based firm to deliver a strong quarter in the Ocean sector, according to the CEO of A.P....

https://container-news.com/covid-strategy-pays-dividends-for-maersk-with-strong-q3/

On the wires: AP Møller-Mærsk – dinosaur extinction postponed

“AP Møller-Mærsk expects to take a restructuring charge of around $100m in Q3 ’20 related to the redundancies of approx. 2,000 employees as the consequence of the changes to the organisation in Ocean and Logistics & Services (…). Given the result in Q3 and the current earnings momentum we see across the businesses, the full year 2020 ebitda is now expected to be in the range of $7.5-8bn, before restructuring and integration …

The post On the wires: AP Møller-Mærsk – dinosaur extinction postponed

https://theloadstar.com/on-the-wires-ap-moller-maersk-dinosaur-extinction-postponed/

A.P. Moller-Maersk Records Profit in Q2 Amid COVID-19

  • A.P. Moller-Maersk may generate $1.5 billion more in operating profit this year.
  • Soren Skou expects container volumes to be back at 2019 levels by the beginning of next year.
  • Shares in the company soared as much as 7.4% when trading started in Copenhagen.
  • Maersk managed to cut operating costs by 16% in the second quarter.
  • There was a 4.5% rise in freight rates, more than offset a 16% drop in volumes.
  • Maersk’s results suggest that the container shipping industry may be entering a positive cycle.

https://mfame.guru/a-p-moller-maersk-records-profit-in-q2-amid-covid-19/

Against the odds: How to make AP Møller Mærsk shinier

“With a strong result and a strong balance sheet we are well positioned to financially and strategically come out stronger of the crisis.” – Søren Skou, CEO of AP Møller Mærsk Group (APMM), 19 August 2020.
It was a tiny little step both in time and financial delivery from Q1 ’20 (smoke and mirrors) to Q2 ’20 for APMM, but what truly deserves a standing ovation in the wake of results is the co-ordinated …

The post Against the odds: How to make AP Møller Mærsk shinier appeared first on The Loadstar

https://theloadstar.com/against-the-odds-how-to-make-ap-moller-maersk-shinier/

Trade to rebound and digitisation to accelerate, predicts Maersk CEO

A bullish Soren Skou, chief of Maersk, in this interview believes trade will recover quickly to pre-pandemic levels, and grow slowly after that. But he points out that businesses have learned a lot during the crisis. Supply chains will change, he predicts, as customers found they were too predicated on efficiency and low costs, and ignored the problems of single-sourcing and lack of inventory in the system. He also says …

The post Trade to rebound and digitisation to accelerate, predicts Maersk...

https://theloadstar.com/trade-to-rebound-and-digitisation-to-accelerate-predicts-maersk-ceo/

Maersk on board journey to zero emissions

A.P. Møller – Maersk is one of nine global corporate powerhouses working together to accelerate the transition to a world with net-zero emissions.

The launch of Transform to Net Zero was announced Tuesday by the leaders of the nine companies. In addition to Maersk, the world’s largest container shipping line, the founding members are Danone, Mercedes-Benz AG, Microsoft Corp., Natura &Co., Nike Inc., Starbucks, Unilever and Wipro. They are joined by the Environmental Defense Fund and supported by

https://s29755.pcdn.co/news/maersk-on-board-journey-to-zero-emissions

Realizing Nation’s Climate Goal Through Contairshipping Lens

The Danish shipping and shipping industry is ready with 21 new proposals that will help meet Denmark’s ambitious climate goal. They contain ambitions that will have far-reaching consequences and mean major changes in the industry, writes Lasse Friis in an article published in Berlingske

Søren Skou, chief executive of Maersk (TV), has presented a number of proposals to make Denmark greener as chairman of the Blue Denmark. Business Minister Simon Kollerup (S) is pleased that the Danish...

https://mfame.guru/realizing-nations-climate-goal-through-contairshipping-lens/

‘It is time to act for seafarers’

At least 200,000 seafarers worldwide are stranded on ships and require immediate repatriation, and a similar number urgently need to get on board vessels to replace them, according to the latest estimates from the International Maritime Organization (IMO). 

Twelve countries responded on Thursday by committing to help facilitate crew changes despite travel restrictions brought on by the COVID-19 pandemic and to achieve international key worker designation for seafarers. 

Representatives from the...

https://s29755.pcdn.co/news/it-is-time-to-act-for-seafarers

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