Claus Grønborg has been appointed CEO of Maersk Product Tankers
Claus Grønborg has been appointed chief executive of Maersk Product Tankers – one of the largest product tanker owners in the world
Mr Grønborg will take over the leadership of Maersk Product Tankers 1 October from Christian Ingerslev and will remain chief investment officer of Maersk Tankers and a member of the executive team.
As chief executive of Maersk Product Tankers, Mr Grønborg will be responsible for delivering the company’s fleet strategy, which has vessel safety, reliability and efficiency at its core, and optimising value for owners AP Moller Holding and Mitsui & Co.
Mr Grønborg said, “I am passionate about the dynamics of the tanker market and the industry plays an important role in global trade and the world economy. I am looking forward to providing Maersk Product Tankers’ customers with reliable transportation solutions for their cargoes and optimising value for owners.”
Mr Grønborg has more than two decades of experience in the shipping industry and his appointment comes at a time when the tanker market is experiencing disruption to trade flows as supply and demand patterns change. Maersk Product Tankers predicts rates will remain high over the coming years due to strong demand from changing trade flows and the limited number of new tanker vessels on order.
Mr Grønborg has deep expertise of the volatile tanker market, having worked both with vessel ownership and management. He is also spearheading Maersk Tankers’ new investment, with a particular focus on creating solutions that help shipowners boost earnings and cut the industry’s carbon emissions.
Maersk Product Tankers chairman of the board of directors Martin Larsen said, “Claus has many years of solid experience in the tanker market and has a strong understanding of the investment cycles within shipping. I am very much looking forward to working with him in his new capacity.”
The Maersk Product Tankers fleet consists of 52 vessels and is commercially managed by Maersk Tankers, while Synergy Group undertakes the technical management.
For the past three years, Mr Grønborg has been managing the Maersk Product Tankers fleet. Previously, Mr Grønborg held executive positions including chief commercial officer and vice president of business development at Maersk Tankers.
He holds a bachelor’s degree in Chinese from Beijing Language and Culture University and an Executive MBA from Columbia Business /London Business School.
Maersk Product Tankers was formed in 2018 following EU approval from the Mergers Commission.
The announcement follows a series of changes at Maersk Tankers.
