The announcement yesterday confirmed widespread rumours that Mr Toft was leaving Maersk to join one of its largest rivals – although also of course its 2M partner.

It also indicates a step-change at the family-controlled firm, with current CEO Diego Aponte becoming president while founder Gianluigi Aponte stays as chairman.

MSC said: “Mr Toft comes with an impressive career background and pedigree in the industry, having worked at Maersk for the past 25 years, specifically as Maersk Line’s chief operating officer since 2014.

“MSC is confident that this appointment will bring significant value to its cargo businesses, building on the company’s existing strengths and boosting its development plans even further.”

However, his first day at his new desk remains unclear.

“Mr Toft will be relocating to Geneva with his wife and family and his start date will be communicated in due course,” MSC added.