Søren Skou

Market insight: As Toft joins MSC, will all the crew stay on the ship?

One of the side stories related to the shocking appointment of Søren Toft as chief executive officer of MSC is obviously the personal turmoil and drama that many other senior managers at the company he is joining are going through.
For one thing, it’s still unclear when Mr Toft will start with his new employer.
MSC sources say that the recently distributed global internal circular just mentioned that his onboarding date will be …

The post Market insight: As Toft joins MSC, will all the crew stay...

https://theloadstar.com/market-insight-as-toft-joins-msc-will-all-the-crew-stay-on-the-ship/

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/

On the wires: Søren Toft, MSC steal Maersk’s thunder in November rain 

“While the global container demand, as expected, was lower in Q3 due to weaker growth in the global economy, AP Moller-Maersk continued to improve the operating results. We delivered strong free cash flow and a return on invested capital of 6.4% as a result of strong operational performance in Ocean, higher margins in Terminals and solid earnings progress in Logistics & Services.” – Søren Skou, CEO of AP Møller-Mærsk (APMM), 15 November. 
Sadly, …

The post On the wires: Søren Toft, MSC steal...

https://theloadstar.com/on-the-wires-soren-toft-msc-steal-maersks-thunder-in-november-rain/

Market insight: Toft’s quick exit from APMM – it was ‘the hardest decision in my life’

While checking the rocketing share price of AP Møller-Mærsk (APMM) – up 35% from the multi-year lows it hit on the day Q2 results were announced – on a Bloomberg page on Monday afternoon, by pure coincidence the (until Monday) chief operating officer and board member of APMM, Søren Toft, popped up in a nice old interview headed “Maersk expanding portfolio of services“.
(By the way, that’s precisely what CMA CGM …

The post Market insight: Toft’s quick exit from APMM – it was ‘the hardest decision...

https://theloadstar.com/market-insight-tofts-quick-exit-from-apmm-it-was-the-hardest-decision-in-my-life/

On the wires: AP Møller-Mærsk – the message didn’t get through

“During the second phase of the program running from 26 September 2019 up to 28 February 2020, the company will buy-back A and B shares for an amount of up to DKK 3.3bn.” – AP Møller-Mærsk (APMM), 30 September 2019… + …”APMT might be looking to let go of one of its two container terminals at Rotterdam.” – Alphaliner, October 2019.
I touched upon the APMM capital deployment topic last week, but more …

The post On the wires: AP Møller-Mærsk – the message didn’t get through appeared first on The...

https://theloadstar.com/on-the-wires-ap-moller-maersk-the-message-didnt-get-through/

Maersk CEO: US consumer is still spending, we are still shipping

Following the announcement of its second quarter financial results, Maersk publishes three videos in which Soren Skou, CEO, A.P. Moeller – Maersk (Maersk), speaks about trade tensions and tariffs, IMO’s new regulations for lower emissions and the company’s transformation.

About trade tensions: The US consumer is still spending, and we are still shipping

About IMO’s 2020 regulations: Maersk fully supports that global shipping move to lower Sulphur fuel

About Maersk’s transformation: In A.P. Moller...

https://container-news.com/maersk-ceo-us-consumer-still-spending-we-still-shipping/

Skou: going all the way in the transformation of AP Møller-Maersk

A “desperate” (according to one Maersk observer) Søren Skou has written a short article on LinkedIn, stating that the “first step in Maersk’s transformation has now been completed”. 
“I strongly believe that we now have the building blocks we need to succeed,” the CEO added. But, he noted, in the move towards One Maersk, there was “much work to be done”, with technology and mindset key to the change. 
“The software we build will make …

The post Skou: going all the way in the transformation of AP...

https://theloadstar.com/skou-going-all-the-way-in-the-transformation-of-ap-moller-maersk/

Supply chain radar: With AP Møller-Maersk, trust has gone out of the window

“It is no use saying, ‘We are doing our best.’ You have got to succeed in doing what is necessary.“ – Winston Churchill
The week started with the shares of AP Møller-Maersk (APMM) hitting a new 52-week low and could easily end with a nice little bounce tomorrow when it reports its first-quarter (Q1) numbers, if you trust the most bullish projections.
But the bears are growing in numbers among investors, recently …

The post Supply chain radar: With AP Møller-Maersk, trust has gone out of the...

https://theloadstar.com/supply-chain-radar-with-ap-moller-maersk-trust-has-gone-out-of-the-window/

Market Insight: New recruitment suggests AP Møller Mærsk is targeting your FF business

A few hours before yesterday’s soft corporate divisional reorg announcement from AP Møller Mærsk there was frantic talk amongst my sources, many of whom pressed ahead with the debate over the end-to-end vertical logistics push from the Danish powerhouse.
The Inland Services integration was just the proverbial cherry on the cake for bears of the APPM corporate plan this week – I briefly touched upon it here yesterday – because the words of …

The post Market Insight: New recruitment suggests AP...

https://theloadstar.com/market-insight-new-recruitment-suggests-ap-moller-maersk-is-targeting-your-ff-business/

+ More