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Møller-Maersk 

“Market Cap $51.67 B As of May 2014

At a Glance

  • Industry: Other Transportation
  • Founded: 1904
  • Country: Denmark
  • CEO: Nils Smedegaard Andersen
  • Website: www.maersk.com
  • Employees: 88,909
  • Sales: $47.39 B
  • Headquarters: Copenhagen

Forbes Lists

#142 Global 2000

  • #179 in Sales
  • #179 in Profit
  • #338 in Assets
  • #187 in Market value
Profile

A.P. Møller-Maersk A/S is engaged in shipping, energy, transportation, offshore, and retail activities. It is involved in drilling, offshore services, transportation of crude oil and products, and floating production, storage, and offloading. The company was founded by Arnold Peter Møller on April 16, 1904 and is headquartered in Copenhagen, Denmark.

“Møller-Maersk History

A.P. Moller – Maersk Group started as the shipping company Dampskibsselskabet Svendborg (Danish for “Svendborg Steamship Company”) founded by captain Peter Mærsk-Møller and his son Arnold Peter Møller (2 October 1876 – June 1965) in Svendborg, 1904. A.P. Møller had four children, two by each of his two wives Chastine Estelle Roberta Mc-Kinney and Norwegian-born Pernille Ulrikke Amalie Nielsen. A.P. Møller’s second child was Arnold Mærsk McKinney Møller (13 July 1913 – 16 April 2012). In 1939, Mærsk Mc-Kinney Møller became a partner in the company. Following the death of A.P. Møller in June 1965, he became CEO of the company and held this post until 1993, when he was succeeded by Jess Søderberg. Beginning in 1965, Mærsk Mc-Kinney Møller also served as company chairman and did not relinquish this position until December 2003 (90 years old), when the chairmanship was taken over by Michael Pram Rasmussen. Mærsk Mc-Kinney Møller was until his death one of the “managing owners” of the company and was chairman of Odense Steel Shipyard until 2 May 2006.

P.M. Møller (1836–1927), who was a deeply religious Christian, attached a blue banner with a white seven pointed star on both sides of the black chimney on the steamship Laurawhen his wife recovered from illness. In a letter to his wife, P.M. Møller explained in October 1886, “The little star on the chimney is a memory of the night when I prayed for you and asked for a sign: If a star would appear in the gray and cloudy sky, it would mean that the Lord answers prayers.” The same star later became the logo for the Maersk Group.

Business areas

A.P. Moller – Maersk’s activities are organised into several main business segments: Container shipping and related activities; APM Terminals; Tankers, Training, offshore and other shipping activities; Oil and gas activities; Retail activity; and Shipyards, other industrial companies, interest in Danske Bank, etc.

In May 2014 the company lifted its first-quarter net profit to $1.02bn as a result of Maersk Line improving its operations.

Container shipping and related activities

“Container shipping and related activities” is the largest business area for A.P. Moller – Maersk, providing almost half of the group’s revenue in 2008. It comprises worldwide container services, logistics and forwarding solutions and terminal activities under the brand names: Maersk Line, Safmarine and Damco. Since 1996, Mærsk is the largest container shipping company in the world.

Maersk Line

The largest operating unit in A.P. Moller – Maersk by revenue and staff (around 25,000 employees in 2012) is Maersk Line. In 2013 the company described itself as the world’s largest overseas cargo carrier and operated over 600 vessels with 3.8 million Twenty-foot equivalent unit (TEU) container capacity.

In 2006, the largest container ship in the world to that date, the E-class vessel Emma Maersk, was delivered to Maersk Line from Odense Steel Shipyard. Seven other sisterships have since been built, and on 21 February 2011, Maersk ordered 10 even larger container ships from Daewoo, the Triple E class, each with a capacity of 18,000 containers. The first were delivered in 2013. It held options for 10–20 more, and in June 2011 placed follow-on orders for a second batch of ten sisterships (to the same design) with the same shipyard, but cancelled its option for a third batch of ten.

As of February 2010, Maersk had an order book for new ships totalling 857000TEU (including options on the Triple E class); that backlog is larger than the existing fleet of the fourth-largest line, Evergreen Line.

Maersk Line cooperated with the US Navy on testing 7-100% algae biofuel on the Maersk Kalmar in December 2011.

In January 2012 Søren Skou took over as CEO of Maersk Line from Eivind Kolding. Later that year the company ceased its business in Iran in order to prevent potential damage in the company’s business with Western countries, particularly the US, due to the sanctions regime lead by those countries.

MCC Transport

MCC Transport is an Intra-Asia carrier delivering containerised cargo.

Seago Line

Seago Line is a subsidiary shipping line which serves ports with the Mediterranean.

Safmarine

Safmarine is an independently operated shipping company in the A.P. Moller – Maersk Group with roots in Africa. It operates a fleet of more than 40 container vessels and more than 20 multi purpose vessels (MPV’s). [A.P. Møller – Mærsk A/S annual report 2008]

The company has five container vessels and four MPV’s on order for delivery in 2009–2011.

Damco

Damco is the combined brand of the Maersk Group’s logistics activities previously known as Maersk Logistics and Damco. Damco has 10,800 employees in offices in more than 93 countries. and is involved in supply chain management and freight forwarding solutions all over the world.

Maersk Line, Limited

Maersk Line, Limited, is a US-based subsidiary of A.P. Moller – Maersk Group which manages a fleet of US-flag vessels and provides U.S. government agencies and their contractors with transportation and logistics services. Headquartered in Norfolk, Virginia, it manages the world’s largest fleet of US-flag vessels. Beginning with a relatively small number of vessels focused on handling commercial and US Government-subsidised cargoes, MLL’s fleet of vessels engaged in commercial liner services.

DFDS

The A.P. Moller – Maersk Group owns a 31% stake in Danish shipping company DFDS.

Other

Maersk Container Industry A/S: Container manufacturing with factories in China (Dongguan and Qingdao) and headquarters in Denmark (Tinglev). It was also announced that a new factory in Chile (San Antonio) is under way.

Container Inland Services (Includes; Depots, Equipment Repair, Trucking, Container Sales etc.)

Maersk Global service center Maersk Gsc is an Official Shared Service center serves Back office off shore Activities for AP Moller Maersk Group, GSC is located at Chennai,Mumbai,Pune,Chengdu,Manila.”

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “Maerskcom