A.P. Moller-Maersk Elects New Chairman to Steer Digital Transformation
and tracking shipping transactions using blockchain technology. But the most crucial task for the incoming chairman, who was recently also proposed as head of the supervisory board of German engineering group Siemens, is to deliver on the restructuring plan set out by new group Chief Executive Soren Skou in September. This included bulking up the group's transport and logistics operations while seeking alliances or a separate listing for its capital intensive energy division. Snabe replaces Michael Pram Rasmussen, who steps down after 14 years in the job. "Jim is a man of the future
Skou Replaces Andersen as Maersk CEO
Danish shipping and oil company A. P. Moller-Maersk has appointed Soren Skou, head of its container shipping unit Maersk Line, as new chief executive for the group replacing Nils Smedegaard Andersen who has been in the job since 2007. Soren Skou will remain as CEO of Maersk Line in addition to his position as CEO for the Maersk Group. Andersen will leave the group, Maersk said in a statement. "The Board of Directors has tasked the new management to investigate the strategic and structural options to further increase agility and synergies," it said. Reporting by Teis Jensen
Maersk Line Slashes Costs, Jobs on Asia-Europe Slowdown
cut its 2015 profit forecast by 15 percent, blaming a slowdown in the container shipping market. Maersk will report its third quarter earnings on Friday. "A number of markets have disappointed with a lot weaker demand than expected this year," Maersk Line Chief Executive Soren Skou told reporters on a conference call. "And it's first of all Asia to Europe, which has had negative growth. Europeans have been importing less this year from Asia than last year and that was frankly a surprise." Raw material trade routes, such as West Africa and the east
Maersk, MSC Win U.S. OK to Launch Shipping Pact
and 22 percent of transpacific, according to FMC figures. EXPORTER CONCERNS Container shipping lines have been seeking to pool resources in response to overcapacity and low freight rates that have beset the shipping industry since the financial downtown in 2008. Maersk chief executive Soren Skou met Chinese commerce and transport officials last month to discuss the 2M alliance, which it has said it hoped could start as early as January next year. The China Shippers' Association, which represents exporters and cargo owners and lobbied against the earlier so-called P3 alliance, said it
