MSC Appoints Toft as CEO of Cargo Business

November 18, 2019

Soren Toft (Photo: A.P. Moller Maersk)
Soren Toft (Photo: A.P. Moller Maersk)

Swiss headquartered container shipping group MSC has appointed Soren Toft as the new chief executive officer of its cargo business from rival company A.P. Moller Maersk, an MSC spokesman said on Monday.

A start date for Toft has yet to be determined, the spokesman said.

Maersk, the world's biggest container line, said last week that Toft, who had served as its head of operations, had decided to leave the company to pursue outside opportunities.

MSC is the world's second-largest container shipping line and is seen by industry watchers as a challenger to Maersk's position. 

(Reporting by Jonathan Saul; Editing by Susan Fenton)

Logistics News

Baltimore: Bulk Carrier Afloat After Explosion

Baltimore: Bulk Carrier Afloat After Explosion

$1 Billion Fine for X-Press Pearl Disaster

$1 Billion Fine for X-Press Pearl Disaster

UltraTech Operationalizes India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Operationalizes India’s First On-Site Hybrid RTC Renewable Energy Project

Allog Group Utilizes Container Solution to Transport Oversized Breakbulk Items

Allog Group Utilizes Container Solution to Transport Oversized Breakbulk Items

Subscribe for Maritime Logistics Professional E‑News

Google announces Tennessee for the site of a small modular nuclear reactor
Kyiv reports that Ukraine and Azerbaijan are in negotiations on a gas import agreement.
Kyiv claims that Russia deliberately struck Azerbaijani SOCAR oil installations in Ukraine.