Skou vows to return Maersk to former financial glory days

Skou vows to return Maersk to former financial glory days

In an interview with Danish finance newspaper Berlingske Business, Søren Skou, group CEO of AP Moller-Maersk, has vowed to get revenues back to its previous highs, with growth to be found beyond the blue carrier’s traditional liner background.

Skou, in charge since June 2016, has presided over a breakup of the Maersk empire, offloading energy and tanker businesses in a bid to focus on liners, ports and logistics.

In the interview, Skou said the aim was to grow revenues by almost DKK100bn ($15.4bn) in the years to come. The growth will be found beyond the “old” part of Maersk, Skou said.

Sea freight today represents more than two thirds of the group’s revenue, but in the future, Skou said Maersk will invest in growth in so-called “non-ocean” activities, meaning its transport and logistics on land.

Skou also talked about how he wants to improve his communication skills.

“That is something I really want to work with as CEO. If I have to be a bit personal, I am relatively introverted as a person, and that is not something that comes naturally,” Skou said.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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1 Comment

  1. Andrew Craig-Bennett
    October 10, 2018 at 11:36 pm

    We’ve seen this sort of thing before, seldom with happy results.