News / 'Bitter taste' in 2M as MSC poaches star exec and noses toward top liner ranking

Maersk’s cuts in capital expenditure, including its decision not to order new vessels in the next two years, will clear the way for MSC to take over as the top-ranked ocean carrier, according to Alphaliner,

And The Loadstar’s sources suggested that this “profit over market share” strategy by the Danish transport group may have contributed to its chief operating officer, Soren Toft, being head-hunted by MSC as its new CEO.

During Maersk’s Q3 earnings call last week, chief financial officer Carolina Dybeck ...