Soren Toft Archives - Page 3 of 3 - Maritime Shipping News

‘Strong operational performance’ in Q3 keeps Maersk on course

15 November 2019

Maersk delivered a strong result across its shipping, logistics, services and terminals portfolio in the third quarter, despite a decline in top-line revenue.
Turnover was down by just under 1% on the same quarter of last year, to $10.1bn, but ebitda increased 14% to $1.7bn, and net profit climbed to $520m, against an impairment impacted loss of $219m the year before.
Chief executive Soren Skou noted a “strong operational performance in ocean, …

The post ‘Strong operational performance’ in Q3...

https://theloadstar.com/strong-operational-performance-in-q3-keeps-maersk-on-course/

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

15 November 2019

“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’

13 November 2019

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/