Maersk

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A.P. Mller Mrsk A/S

Type
Publicly traded aktieselskab
Traded as
OMX: MAERSK A,MAERSK B
Industry
Conglomerate
Founded
1904
Founders
Peter Mrsk-Mller Arnold Peter Mller
(Chairman)
Headquarters
Copenhagen, Denmark
Key people
Nils Smedegaard Andersen(CEO)
Products
Container shipping andterminals, ferry and tanker
transport, semi-submersibledrilling rigs
and FPSOs, oil and gas
exploration andproduction, shipyards, store retail
Revenue
DKK 322.520 billion (2011)
[1]

Operating
income
DKK 55.016 billion (2011)
[1]

Profit
DKK 18.083 billion (2011)
[1]

Total assets
DKK 374.72 billion (end 2010)
[1]

Total equity
DKK 192.96 billion (end 2010)
[1]

Employees
117,000 (average, 2012)
[1]

Website
www.maersk.com

Maersk head office
A.P. MollerMaersk Group (Danish: A.P. MllerMrsk A/S, Danish pronunciation: pe
sg ), also known as Maersk, is a Danishbusiness conglomerate.
[2]
A.P. Moller Maersk
Group has activities in a variety of business sectors, primarily within the transportation and energy
sectors. It has been the largest container ship operator and supply vessel operator in the
world
[3]
since 1996.
[4]

A.P. Moller Maersk Group is based in Copenhagen, Denmark,
[5]
with subsidiaries and offices in
more than 135 countries worldwide and around 108,000 employees.
[1]
It ranked 147 on the Fortune
Global 500 list for 2010, down from 106 in 2009.
[6]

Contents
[hide]
1 History
o 1.1 The meaning and origin of the Maersk Group logo
2 Business areas
o 2.1 Container shipping and related activities
2.1.1 Maersk Line
2.1.2 MCC Transport
2.1.3 Seago Line
2.1.4 Safmarine
2.1.5 Damco
2.1.6 Maersk Line, Limited
2.1.7 DFDS
2.1.8 Other
3 APM Terminals
4 Tankers, offshore and other shipping activities
o 4.1 Maersk Tankers
o 4.2 Maersk Drilling
o 4.3 Maersk Supply Service
o 4.4 Svitzer
o 4.5 Other
5 Oil and gas activities
6 Retail activity
7 Other activities
o 7.1 Maersk Training
o 7.2 Star Air
o 7.3 Danske Bank
o 7.4 European Rail Shuttle B.V.
8 Entry level programmes in A.P. Moller Maersk
o 8.1 Maersk Education
9 Piracy
10 Controversy
o 10.1 Labor practices
o 10.2 Overcharging allegations
o 10.3 Business with Iran
11 See also
12 Notes
13 References
14 External links
History[edit]
Main article: History of Maersk

Laura ship (cpt. Maersk) inSvendborg, Denmark
A.P. Moller Maersk Group started as the shipping company Dampskibsselskabet
Svendborg (Danish for "Svendborg Steamship Company") founded by captain Peter Mrsk-Mller
and his son Arnold Peter Mller (2 October 1876 June 1965) in Svendborg, 1904. A.P. Mller had
four children, two by each of his two wives Chastine Estelle Roberta Mc-Kinney and Norwegian-born
Pernille Ulrikke Amalie Nielsen. A.P. Mller's second child was Arnold Mrsk McKinney Mller (13
July 1913 16 April 2012). In 1939, Mrsk Mc-Kinney Mller became a partner in the company.
Following the death of A.P. Mller in June 1965, he became CEO of the company and held this post
until 1993, when he was succeeded by Jess Sderberg. Beginning in 1965, Mrsk Mc-Kinney
Mller 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. Mrsk Mc-
Kinney Mller was until his death one of the "managing owners" of the company and was chairman
of Odense Steel Shipyard until 2 May 2006.
[2]

The meaning and origin of the Maersk Group logo[edit]
P.M. Mller (18361927), 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 Laura when his wife
recovered from illness. In a letter to his wife, P.M. Mller 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.
[7]

Business areas[edit]
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.
[2]

In May 2014 the company lifted its first-quarter net profit to $1.02bn as a result of Maersk Line
improving its operations.
[8]

Container shipping and related activities[edit]
"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, Damco and Damco.
[9]
Since 1996, Mrsk is the largest container shipping company in
the world.
[4]

Maersk Line[edit]
Main article: Maersk Line

Mrsk Kalamata in Seattle harbor

Eleonora Mrsk, one of the E-class vessels
The largest operating unit in A.P. Moller Maersk by revenue and staff (around 25,000 employees in
2012)
[10]
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
[11]
Twenty-foot equivalent unit (TEU) container
capacity.
In 2006, the largest container ship in the world to that date, the E-classvessel Emma Maersk, was
delivered to Maersk Line from Odense Steel Shipyard.
[12]
Seven other sisterships have since been
built, and on 21 February 2011, Maersk ordered 10 even larger container ships fromDaewoo,
the Triple E class, each with a capacity of 18,000 containers. The first were delivered in 2013.
[13]
It
held options for 1020 more,
[14][15][16]
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.
[4]

Maersk Line cooperated with the US Navy on testing 7-100% algae biofuel on the Maersk Kalmar in
December 2011.
[17][18]

In January 2012 Sren Skou took over as CEO of Maersk Line from Eivind Kolding.
[19][20]
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.
[21]

MCC Transport[edit]
MCC Transport is an Intra-Asia carrier delivering containerised cargo.
Seago Line[edit]
Seago Line is a subsidiary shipping line which serves ports with the Mediterranean.
[22]

Safmarine[edit]
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. Mller Mrsk A/S annual report 2008]
The company has five container vessels and four MPV's on order for delivery in 20092011.
[23]

Damco[edit]
Damco is the combined brand of the Maersk Group's logistics activities previously known as Maersk
Logistics and Damco.
[9]
Damco has 10,800 employees in offices in more than 93 countries.
[9]
and is
involved in supply chain management and freight forwarding solutions all over the world.
Maersk Line, Limited[edit]
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,
[24]
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
DFDS[edit]
Main article: DFDS
The A.P. Moller Maersk Group owns a 31% stake in Danish shipping company DFDS.
Other[edit]
Maersk Container Industry A/S: Container manufacturing with factories in China (Dongguan and
Qingdao) and headquarters in Denmark (Tinglev).
[2]
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.)
[2]

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.
APM Terminals[edit]
Main article: APM Terminals

APM Terminals at Portsmouth, Virginia, USA
A.P. Moller Maersk's independent APM Terminals business unit with its separate headquarters
in The Hague, Netherlands, operates a Global Port, Terminal and Inland Services Network with
interests in 57 ports and container terminals in 36 countries on five continents, as well as 155 Inland
Services operations in 48 countries. Port and Terminal Operations include:
Europe:Algeciras, Aarhus, Bremerhaven, Gdask, Gioia Tauro,Gothenburg, Le
Havre, Oslo, Portsmouth, Port of Poti, Rotterdam,Zeebrugge.
North America: Port of Montreal, Charleston (Stevedoring
operations), Houston, Jacksonville, Los Angeles, Miami, Mobile, Port
Elizabeth, Portsmouth, Tacoma.
South America: Buenos Aires, Itajai, Pecem, Callao
Middle East: Aqaba, Bahrain, Salalah, Port Said
Asia: Cai Mep, Colombo, Dalian, Guangzhou, Kobe, Laem
Chabang, Mumbai, Pipavav, Qingdao, Tanjung Pelepas,Tianjin, Shanghai, Xiamen, Yokohama.
Africa: Abidjan, Apapa, Cotonou, Douala, Luanda, Monrovia, Onne, Pointe Noire, Port
Elizabeth, Tangier, Tema.
New Projects Under Construction: Rotterdam-Maasvlakte
II, Lmon, Santos, Savona, Wilhelmshaven
Tankers, offshore and other shipping activities[edit]
Tankers, offshore and other shipping activities" was responsible for 8.8% of Maersk's revenue in
2008, and posted 25% of the group's profit for this period. The business segment comprises Maersk
TankersMaersk Supply Service, Maersk Drilling, Maersk FPSOs, Maersk LNG and Svitzer.
[9]

Maersk Tankers[edit]
Maersk Tankers is involved in transportation of oil and gas product, among others. As of July 2009,
Maersk Tankers operates 140 vessels: 20 crude carriers, 91 product tankers, 21 gas carriers, 8 LNG
carriers (for iquefied natura gas). A Maersk Tankers tankers are doube-hulled, an environmental
requirement in much of the world following the 1989 Exxon Valdez oil spill and other serious oil
spills.
[23]
Since 2009, the company (along with other operators) has used slow steaming; reducing
speed to minimize fuel consumption and decrease yearly capacity.
[25]

Maersk Drilling[edit]
Main article: Maersk Drilling
Maersk Drilling is involved in drilling activities all over the world. They service a number of oil and
gas companies with drilling of exploration and production wells.
[9]

Maersk Drilling owns 26 rigs including six ultra-harsh environment jack-ups, six further jack-ups,
four semi-submersibles and 10 drilling barge rigs. In the North Sea, Maersk Drilling operate the
world's largest and most advanced harsh environment jack-up rigs, the sister rigs Maersk
Innovator and Maersk Inspirer at water depths up to 150 metres (490 ft).
[26]
In addition, the company
has ordered four deepwater drillships from Samsung Heavy Industries and two ultra-harsh
environment jack-ups from Keppel FELS.
[27]
The company has announced that it is investing in
developing the technology that allows drilling year-round in the Arctic.
[28]

Maersk Supply Service[edit]
Maersk Supply Service provides anchor handling, towage of drilling rigs and platforms as well as
supply service to the offshore industry. By the end of 2008, the fleet comprised 39 anchor handling
vessels (including one chartered vessel), 11 supply vessels and 3 other vessel, and with 14 anchor
handling vessels and 2 supply vessels on order.
[9]

Svitzer[edit]
Svitzer is involved in towage, salvage and other offshore support and is represented in more than
100 ports. By the end of 2008, Svitzer's fleet comprised 347 tugboats (including 14 chartered
vessels), 32 standby vessels (including 2 chartered vessels) and 145 other vessels (including 12
chartered vessels). 53 tugboats, 4 standby vessels and 1 other vessel are on order.
[9]


bust in Copenhagen
Other[edit]
37.5% ownership share of Hegh Autoliners: By the end of 2008, Hegh Autoliners operated 67 car
carriers with a transported volume of 1.9 million car units annually.
[9]

Oil and gas activities[edit]
Main article: Maersk Oil
Maersk Oil (Danish: Mrsk Olie og Gas A/S) was established in 1962 when Maersk was awarded a
concession for oil and gas exploration and production in the Danish sector of the North Sea.[10]
Today, Maersk Oil is engaged in exploration for and production of oil and gas in many parts of the
world.[11] Total oil production is more than 600,000 barrels per day (95,000 m/d) and gas
production is up to some 1 billion cubic feet (28,000,000 m) per day. Most of this production is from
the North Sea, from both the Danish and British sectors, but there is also production in offshore
Qatar, in Algeria and in Kazakhstan.
In addition to the above-mentioned producing sites, Maersk Oil is involved in exploration activities in
Danish, British, Dutch and Norwegian sectors of the North Sea, Qatar, Algeria, Kazakhstan, Angola,
Gulf of Mexico (US sector), Turkmenistan, Oman, Morocco, Brazil, Colombia and Suriname. Most of
these activities are not 100% owned, but are via membership in a consortium.
The company prides itself for having developed production techniques especially suited to difficult
environments (North Sea, etc.) and for drilling techniques that succeed in extracting oil from
problematic underground conditions.
"Oil and gas activities" provided A.P. Moller Maersk with 22% of its revenue and 68% of its profit in
2008.
[9]