Page 48 - Next Generation 2015 - Digtial Issue

Next Generation Europe

management, coupled with three years Phew. One wonders what time
working in corporate finance advisory the young(ish) Mr Thorstein has left
services at DnB Nor Markets, where he for his day job at Frontline Corporate
focused on the offshore and shipping Services in London, a subsidiary of
sectors, are qualifications that no doubt Frontline, a role he has held since May
lend themselves well to the Fredriksen 2011, or his position as chairman of
boardroom. Deep Sea Supply.

And there is no shortage of But these are unusual times —
boardroom appointments to keep the remarkable turnaround in the
Mr Thorstein plugged into virtually tanker market combined with serious
every aspect of the group’s shipping challenges facing offshore drilling are
and energy operation: director of surely enough to force any executive
offshore drilling company Seadrill out of bed in the morning with more
since September 2012; director of fire in their belly than they would have
Ship Finance International since experienced in the past five years.
September 2011; director of Northern
Offshore since February 2012; director One wonders, therefore, how long
of North Atlantic Drilling since it might be before Mr Thorstein takes
September 2013 and Golden Ocean the helm at one of Mr Fredriksen’s
Group since September 2014; director flagship companies — perhaps a
of Independent Tankers and director of tanker company, led by the golden boy
Asia Offshore Drilling since March 2013. as a golden period for tankers appears
to be emerging.

From tugs to terminals, the two brothers remain tipped in
Denmark for greater roles in the family business

Denmark
Uggla brothers

OF the two Uggla brothers, it is the
younger one, Robert, who seems to
be riding high, with the elder brother,
Johan, quietly running APM Terminals’
business in the Danish port of Aarhus.

The Uggla brothers, grandsons of
Maersk Mc-Kinney Moller and sons of
current chairman Ana Mc-Kinney Moller
Uggla, remain tipped in Denmark for
greater roles in the family business.

Robert Uggla has the more visible
role of the two. He is currently chief
executive of the company’s tug and
salvage business, Svitzer.

He has recently pushed through a
merger of the Svitzer salvage business
with Titan Salvage, the company that
specialises in wreck removal and
is owned by US business Crowley,

46 | Lloyd’s List Next Generation 2015 | www.lloydslist.com