Like his grandfather before him Robert Uggla has formed his own private investment vehicle to make his own shipping picks, according to Danish title InsideBusiness. The vehicle will invest in companies and assets with shipping very much a key focus.
Uggla, the presumptive heir to the Maersk throne, is the grandson of Maersk Mc-Kinney Møller, who died in 2012, aged 98. Møller liked to make his own private investments outside of the Maersk Group – not all were perfect, notably a pair of capesizes ordered in South Korea in late 2007, months ahead of the great dry bulk crash.
The 38-year-old Uggla assumed the reins of the Maersk family fund, A.P. Møller Holding, last summer having stepped down as CEO of Svitzer, Maersk’s towage arm.