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February 8, 2018

Maersk charts blockchain future; Samsung heir’s release may boost economy; ads to help correct ‘misperceptions’ of Koch Industries

Maersk charts blockchain future

AP Moller—Maersk has entered into a joint venture with IBM and logistics company Agility, which aims to use blockchain technology to make the companies’ supply chains more efficient and secure.

Maersk, controlled by the eponymous family via AP Moller Holding A/S, wants to create a trade platform using distributed ledger technology, which establishes a shared, set-in-stone record of transactions. It also allows those within a particular network to access the data minutes after transactions take place.

July 3, 2013

Israeli shipping magnate Eyal Ofer has made quite a splash in the London art scene, announcing a huge donation to the UK's most visited gallery.

Israeli shipping magnate Eyal Ofer has made a splash in the London art scene, announcing a huge donation to the UK's most visited gallery.

Through the Eyal Ofer Family Foundation, Ofer – who with his younger brother Idan controls the Herzliya-based Ofer Brothers Group – donated £10 million (€11.8 million) towards the extension of the Tate Modern.

May 31, 2013

Greek authorities are reportedly examining the legality of the sale of Skorpios Island, the private retreat of late shipping owner Aristotle Onassis, amid claims it contravenes the wishes outlined in his will.

Greek authorities are reportedly examining the legality of the sale of Skorpios Island, the private retreat of late shipping owner Aristotle Onassis, amid claims it contravenes the wishes outlined in his will.

November 20, 2012

Danish family business AP Moeller-Maersk’s plans to reduce investment in its flagship container shipping division is simply part of its goal to “create a more balanced group”.

Danish family business AP Moeller-Maersk’s plans to reduce investment in its flagship container shipping division is simply part of its goal to “create a more balanced group”.

That’s according to a spokesman for the conglomerate, who was commenting on the back of a statement by the company’s non-family chief, Nils Andersen, that Maersk will move away from “the shipping side of things”.

September 14, 2011

Israel’s Ofer family has expressed relief after US authorities removed family business Ofer Holdings Group from a list of targeted companies.

Israel’s Ofer family has expressed relief after US authorities removed family business Ofer Holdings Group from a list of targeted companies.

A statement issued by the US state department on 14 September said it will withdraw sanctions against the family-owned industrial conglomerate, which had been accused of alleged trading with Iran.

August 6, 2008

Sir Michael Bibby tells Marc Smith how values have played an integral part in the success of his 200-year-old family business

Sir Michael Bibby tells Marc Smith how values have played an integral part in the success of his 200-year-old family business

When Sir Michael Bibby starts quoting from a family document that dates back to 1899 you realise that family business values have been around longer than most companies, let alone CSR policies and mission statements. "Our duty is to conduct the business with every care and energy with which we are capable," reads Sir Michael, sixth-generation CEO of Bibby Line Group, a diversified business that celebrated its 200th birthday in 2007.

May 2, 2008

Soedarpo Sastrosatomo had a fascinating life that included politics, war and the formation of Indonesia’s largest shipping company. His daughter, Shanti, talks to Bruce Love about her father’s life and her role in continuing his businesses

Soedarpo Sastrosatomo had a fascinating life that included politics, war and the formation of Indonesia's largest shipping company. His daughter, Shanti, talks to Bruce Love about her father's life and her role in continuing his businesses

While the world watches closely as China and India lead a South East Asian wave of economic growth, and Hong Kong, Shanghai and Singapore duel for the title of premier Asian economic hub, other regional players, such as Indonesia, prefer to continue their equally impressive growth outside of this harsh spotlight.

March 28, 2008

A shipping billionaire has made a large donation to the National Maritime Museum in London.

A shipping billionaire has made a large donation to the National Maritime Museum in London. Sammy Ofer (pictured far right), whose empire includes Israeli shipping giant ZIM and Royal Caribbean Cruises Ltd, has pledged $40 million for a new wing in the museum.

Ofer served in the British Royal Navy before starting a shipping business with his brother, Juli. The business now operates a significant part of its fleet from London and Ofer's two sons, Eyal and Idan, manage different branches of the group. The family's wealth is estimated at $4 billion.

March 1, 2008

Family businesses in Asia are finding it hard to keep up with developments around the globe and shipping giant IMC Group is no exception. However, family member Yuelin Yang explains to Bruce Love that, with the help of outside professionals, the tide is starting to turn

Family businesses in Asia are finding it hard to keep up with developments around the globe and shipping giant IMC Group is no exception. However, family member Yuelin Yang explains to Bruce Love that, with the help of outside professionals, the tide is starting to turn

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