In a joint declaration made at COP28 in Dubai, the CEOs of five leading shipping lines have called for an end date to be put on orders for fossil-only powered newbuilds, urging IMO to create the regulatory conditions to accelerate the transition to green fuels.
Making the call were Vincent Clerc, CEO of A.P. Moller – Maersk; Rodolphe Saadé, chairman and CEO of the CMA CGM Group; Rolf Habben Jansen, CEO of Hapag-Lloyd: Soren Toft, CEO of MSC Mediterranean Shipping Company, and Lasse...
MSC CEO Soren Toft gave an overview of the company’s ongoing development, economic recovery expectations, and attempts to achieve sustainable shipping, speaking at this year’s Transpacific Maritime Conference, known as TPM23.
“The world has seen through the supply chain crunch just how important the logistics and shipping industry really is – we keep global trade moving,” he said in an interview with the Journal of Commerce’s Peter Tirschwell.
Soren Toft highlighted that “container shipping will...
https://container-news.com/the-global-nature-of-trade-will-prevail-msc-ceo-toft-tells-tpm23/
MSC’s CEO Soren Toft has expressed concern that the European Union’s emissions trading scheme (ETS) could be commoditised and drive up costs.
During a Lloyd’s List podcast on 2 December, Toft said, “I find it extremely concerning is that the ETS is open for anybody and not just for the companies that are having factual emissions. Any person, any private equity, which wants to speculate can go and buy these carbon credits and trade them.”
From 2024, shipping will have to buy carbon allowances to...
https://container-news.com/mscs-toft-concerned-that-emissions-trading-could-aggravate-inflation/
MSC Mediterranean Shipping Co. is acquiring international harbor towage operator Rimorchiatori Mediterranei.
MSC said in an announcement Sunday that, through its wholly owned subsidiary SAS Shipping Agencies Services Sarl, it had agreed to acquire 100% of the share capital of the towage operator from Rimorchiatori Riuniti and a fund managed by DWS’ infrastructure investment business. Terms of the deal were not disclosed.
In tweeting the “exciting news,” MSC CEO Soren Toft noted that MSC is not...
https://www.freightwaves.com/news/msc-acquiring-international-harbor-towage-provider
Shipping’s central role within the global economy will come under the spotlight in a keynote speech delivered by Soren Toft, CEO of the Mediterranean Shipping Company (MSC), one of the…
The container shipping industry has been faced with an unprecedented congestion crunch over the […] The post Toft: We are consuming too much fuel and have too many ships in the networks…
Søren Skou, CEO of AP Moller – Maersk, has proposed a carbon tax on ship fuel of at least US$450 per tonne of fuel, which translates to around US$150 per tonne of CO2.
The boss of the Danish giant described it as “a levy to bridge the gap between the fossil fuels consumed by vessels today and greener alternatives that are currently more expensive,” in his LinkedIn post on 2 June.
Two days later, Soren Toft, CEO of the second-largest container line in the world and 2M Alliance Maersk’s partner,...
Next month will mark five years since Søren Skou took the helm at Maersk. Yesterday he gave investors and reporters a glimpse of where he sees the Danish transport giant heading in the coming five years, shrugging off concerns that 2M partner Mediterranean Shipping Co (MSC) will overtake it in fleet size, focusing instead on profitability and growing Maersk’s land-based logistics side of the business, reports Splash247.
The top containerline“If MSC ends up having more capacity than we do, that’s...
https://mfame.guru/maersk-head-to-focus-on-profitability-over-market-share/
The arrival of Søren Toft as the new chief executive of MSC is going to be a fascinating story.
It could be the nearest thing to a Hollywood film script in the shipping industry (apart, obvs, from Somali pirates kidnapping Captain Phillips, which became precisely that, even if in the hands of Bourne Identity director Paul Greengrass it may have been little too high-octane for some tastes).
But in terms of dramatic …
The post Snapshot: New era at MSC? Søren Toft is in the building appeared first...
https://theloadstar.com/snapshot-new-era-at-msc-soren-toft-is-in-the-building/
Former Maersk chief operating officer Soren Toft takes his position as chief executive at MSC, reports The LoadStar.
About his new roleMr Toft will report directly to group president Diego Aponte and founder and chairman Gianluigi Aponte.
He will oversee MSC’s global cargo businesses, including ocean liner and logistics, and will also be a member of the board of directors of Terminal Investment Ltd (TiL), the terminals business majority-owned by MSC.
Experience in shipping industryWith over two...