A. P. Moller-Maersk Group

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A.P. Møller-Mærsk Gruppen

Type	Public OMX: MAERSK A MAERSK B
Founded	1904
Headquarters	Copenhagen, Denmark
Key people	Nils Smedegaard Andersen (CEO) Michael Pram Rasmussen (Chairman of the board)
Industry	Transport, Energy, Offshore, Retail, Industry, Banking
Products	Shipping
Revenue	US$61.211 billion (2008) [1]
Net income	▲US$3.462 billion (2008) [1]
Employees	110,000 (2007) [2]
Website	www.maersk.dk

The A. P. Moller-Maersk Group (Danish: A.P. Møller-Mærsk Gruppen) is a Danish business conglomerate more commonly known simply as Maersk.^[3] Maersk has activities in a variety of business sectors, primarily transportation (container shipping fleet) and energy (offshore oil exploration and transportation). It is the largest container ship operator and supply vessel operator in the world.^[4]

Maersk is based in Copenhagen, Denmark, and has subsidiaries and offices in more than 130 countries worldwide.^[5] The group has around 117,000 employees. It was number 131 on the Fortune Global 500 list for 2008, up from 138 in 2007. ^[6].

[edit] Business areas

Maersk has organized their activities into four main categories: Container and related activities, Energy, Shipping and offshore, and Retail and other business.

[edit] Container and related activities

"Container shipping and related activities" is by far the largest business area for Maersk, providing 53% of the group's revenue in the first half of 2007, although it posted a financial loss of almost 1 billion DKK for this period.^[7]

[edit] Maersk Line

The largest operating group in Maersk by revenue and staff is the Maersk Line division. Maersk Line operates over 501 vessels and 1.9 million containers involved in global liner shipping services. Maersk Line today is the largest container ship operator in the world.

[edit] 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,^[8] 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. MLL grew significantly after acquiring Sea-Land Service, Inc. in 1999 and P&O Nedlloyd and Farrell Lines in 2005.

[edit] The fleet

• 600 (+) owned & chartered container ships, including some of the largest in the world. (Post-Panamax class^[9] and Emma Mærsk-class.)
• 37 container ships on order at Odense Steel Shipyard, Volkswerft Stralsund, Samsung Heavy Industries, Hanjin Heavy Industries, Dalian New Shipbuilding, Daewoo S&ME. These vessels range in size from 1,800 twenty-foot equivalent units (TEU) to 11,000 TEU.
• 6 Double-hulled VLCC crude oil tankers of 300,000 metric tons deadweight (DWT) apiece; 9 new 310,000 DWT tankers on order at Dalian Yard,China.
• 27 Product tankers. (size 15,000 DWT, 29,000 DWT, 35,000 DWT and 110,000 DWT)
• 9 Gas tankers (size up to 35,000 cbm). 6 VLGC 38,000 / 80,000 cbm capacity on order.
• 2 LNG carriers, 138,130 cbm and 145,130 cbm size. Six on order with a capacity of 165,500 cbm with Samsung.
• 3 FPSO ships
• 10 Car-carriers (size 3,000–5,100 car capacity), three on order with a capacity of 5,000 cars.
• 40 supply ships, cable-layers and special vessels.
• 29 drilling rigs (Maersk Contractors).
• 12 RORO ferries in service by their own Netherlands based Norfolk Line.
• 500 (+) tugs, barges & other vessels (SVITZER) operated in 35+ countries
• Most of the own vessels are DIS flagged, but also many vessels sail under their subsidiaries with UK/IOM (Maersk Co./UK Ltd.), Singapore (Maersk Singapore Pte.), US Flag (Maersk Line Limited/USA), France (Maersk France S/A), Egypt and Belgium (Safmarine).

[edit] APM Terminals

APM Terminals at Portsmouth, Virginia, USA

Maersk's Volkswerft Stralsund, Germany, facility with the large shipbuilding hall and newly-built vessels at the pier: a 2,100 TEU Safmarine Container ship and a Mærsk supply ship.

• A. P. Moller-Maersk operates approximately 50 container terminals around the world. Nearly 15 of these were originally Sealand Corp. terminals, taken over in 1999. APM Terminals International has its headquarters in Den Haag, Holland.
  • Europe: Algeciras, Århus, Bremerhaven (enlarged with the CT4 in 2006–2008), Cagliari, Constanţa, Dunkirk, Genoa, Gioia Tauro, JadeWeserPort at Wilhelmshaven (opens in 2009 or 2010), Kaliningrad, Le Havre, Rotterdam, Zeebrugge.
  • North America: Charleston, Houston, Jacksonville, Kingston, Los Angeles, Miami, New York/New Jersey, Mobile (opening 2009), New Orleans, Port Elizabeth, Oakland, Portsmouth, Port Everglades, Port of Savannah, Tacoma.
  • South America: Buenos Aires, Itajai.
  • Asia: Aqaba, Bahrain, Cai Mep (Vietnam), Dalian, Kaohsiung, Kobe, Laem Chabang (Thailand), Mumbai, Pipavav, Port Qasim, Qingdao, Tanjung Pelepas, Salalah, Shanghai, Yokohama.
  • Africa: Abidjan, Apapa, Douala, Port Said, Onne Port (Nigeria), Tangier.

[edit] Container related

• Maersk Logistics: supply chain management/logistics solutions provider
• Damco: Forwarding and NVOCC services
• Mærsk Container A/S: Container manufacturing with factories in Tinglev (Denmark), China, and the UK.
• Container Inland Services (Includes; Depots, Equipment Repair, Trucking, Container Sales etc.)
• Safmarine: Ocean shipping line and sister company to Maersk Line
• Youship.com: Online container shipping brand
• Bridge Terminal Transport: intermodal drayage

[edit] Energy

The "energy" business area consists of a single subsidiary, Maersk Oil (Danish: Mærsk Olie og Gas A/S), 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 m³/d) and gas production is up to some 1 billion cubic feet (28,000,000 m³) 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, German 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 Maersk with 16% of its revenue and 34% of its profit for the first half of 2007.^[7]

[edit] Shipping and offshore

The Shipping and offshore activities of Maersk are divided among three organizations: Maersk Tankers, Maersk Contractors and Maersk Supply Service.^[12] "Tankers, offshore and other shipping activities" was responsible for 8% of Maersk's revenue during the first half of 2007, and posted 44% of the group's profit for this period.^[7]

[edit] Maersk Tankers

As of March 2009, Maersk Tankers owned and operated a fleet of 95 ships: 10 crude carriers, 59 product tankers, 9 gas carriers, 5 LNG carriers (for liquefied natural gas) and 12 car carriers.^[13] The company emphasizes that all of their tankers are double-hulled, an environmental requirement in much of the world following the 1989 Exxon Valdez oil spill and other serious oil spills. The company's web site indicates that an additional 56 ships are on order or planned for building over the coming years.

[edit] Maersk Drilling

• Involved in the Oilfield Drilling Industry with a fleet of Modern Jack-up and Semi-submersible rigs

[edit] Maersk Supply Service

• Management of supply ships and services

[edit] Retail and other business

"Retail activity" and "Other companies" gave 25% of Maersk's revenue and 22% of its profit for the first half of 2007.^[7]

• Dansk Supermarked Group: Commercial retail and supermarkets
• Shipbuilding: Comprised of the Odense Steel Shipyard, the Loksa Yard, Baltia ES in Estonia, the Baltijos Laivų Statykla Yard in Lithuaniaand the Baltic Engineering Centre in Lithuania
• Suez Odense repair yard with a 300 m dock at Port Suez, Egypt.
• Mærsk Rosti A/S: Production of plastic-based products
• Norfolkline: Ferry services
• Svitzer (formerly Svitzer Wijsmuller): Vessel towing and marine salvage operations
• Danske Bank: Maersk owns a 20% stake in one of the biggest banks in Scandinavia

[edit] MISE

Maersk International Shipping Education (M.I.S.E.) was the two year management trainee program constituted to develop the future leaders of the A.P. Moller-Maersk Group.

Each year approximately 450 trainees were enrolled representing more than 80 countries into the M.I.S.E. Programme. Trainees were selected from more than 85,000 applications received each year and underwent an intensive education. The program combined practical and theoretical education across all major divisions of the group with extensive multicultural exposure and international job opportunities within Maersk upon completion.

Starting 2009, the M.I.S.E programme has been abolished and replaced by the Maersk Line Graduate Programme (M.L.G.P).

[edit] History

This article or section may be slanted towards recent events. Please try to keep recent events in historical perspective. (April 2009)

The A.P. Møller-Mærsk Group started as the shipping company Dampskibsselskabet Svendborg, 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, one of whom was (born 13 July 1913). 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 (when he was 90 years old). He is still one of the "managing owners" of the company and was chairman of Odense Steel Shipyard until 2 May 2006.

[edit] Piracy

On the morning of April 8, 2009 the 17,000-ton Maersk Alabama was en route to Mombasa, Kenya, when it was hijacked by pirates off the Somali coast. The company confirmed that the U.S.-flagged vessel had 20 U.S. nationals onboard. This was the first time that the US had had to deal with a situation in which Americans were aboard a ship seized by pirates in over 200 years. By noon, the Americans were able to resist the pirates and regain control of the ship. However, the pirates retreated on a covered life boat and held the captain hostage for four days.^[14] On April 12, 2009, it was confirmed that the captain held hostage was freed by the US Navy, where SEAL sharpshooters killed three of the pirates with only three shots. A fourth pirate Abduhl Wal-i-Musi surrendered earlier due to a medical injury.^[15]

[edit] See also

Wikimedia Commons has media related to: Maersk

Companies portal

• Mediterranean Shipping Company S.A.
• MF Dunkerque

[edit] Notes

[edit] References

• Peter Suppli Benson, Bjørn Lamnek and Stig Ørskov: Mærsk · manden og magten, Politiken Bøger, 2004 ("Maersk · The Man and Power", in Danish).
• Lotte Folke Kaarsholm, Cavling Prize recipient Charlotte Aagaard (Information) and Osama Al-Habahbeh (Al-Jazeera in Denmark): Iraqi Port Weathers Danish Storm, CorpWatch, 31/1/2006.
• Christian Jensen, Tomas Kristiansen and Karl Erik Nielsen: Krigens købmænd, Gyldendal, 2000 ("The Merchants of War", in Danish)

[edit] External links

• Website of the A.P. Moller-Maersk Group
• Yahoo! - A.P. Møller-Mærsk A/S Company Profile
• Website of SVITZER A/S
• Website of the shipping line "Maersk Line"
• Website of Reederei Blue Star
• Website of Norfolkline
• Website of APM Terminals
• Website of Youship
• Website of Blue Star History

Coordinates: 55°41′14.81″N 12°35′53.28″E / 55.6874472°N 12.5981333°E / 55.6874472; 12.5981333

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