A.P. Moller-Maersk Group

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A.P. Maersk Group

Type	Public KFX:
Founded	1904
Headquarters	Copenhagen, Denmark
Key people	Jess Søderberg (Chief Executive Officer
Industry	Transport
Products	Shipping Freight distribution Others
Revenue	£ 18.778 billion (2005) $ 34.843 billion (2005) [1] DKK 208.702 billion (2005) [2]
Employees	110,000 (2005)
Website	http://www.maersk.com

The A.P. Moller-Maersk Group (Danish: A.P. Møller-Mærsk Gruppen) is an international business consortium involved in a variety of business sectors, primarily transportation. The company is more commonly known simply as Mærsk (or internationally Maersk) and is most well known for its large shipping business. It is the largest container ship operator and supply vessel operator in the world. [3] Mærsk is based in Copenhagen, Denmark, but also has offices in more than 125 countries worldwide. The group has more than 100,000 employees.

Note: In this article, the original Danish names are used.

1 Organisation (July 2006)
2 History
3 Management
4 See also
5 External links

[edit] Organisation (July 2006)

Supply vessel "Maersk Shipper" (UK-flag)

[edit] The fleet

600 (+) owned & chartered container vessels (incl: 56 Post-Panamax ships; also 70 (+) containerships on order at Odense Yard, Volkswerft Stralsund, Hyundai H.I.; Ulsan, Samsung H.Ind., Hanjin H.Ind.,Daewoo H.Ind. and IHI;Kure in size from 3.000 -13.000 TEU
6 300,000 tdw (tonnes dead weight) crude oil tankers (Double-hull-ULCC); 9 new 310,000 tdw tankers on order at Dalian Yard,China.
27 Product tankers. (size 15,000 tdw, 29,000 tdw, 35,000 tdw and 110,000 tdw)
9 Gas tankers (size up to 35.000 cbm), on order 6 VLGC ea. 38,000 / 80,000 cbm.
1 LNG-carrier size 138,130 cbm + 1 LNG-carrier size 145,130 cbm. On order six 165,500 cbm at Samsung)
3 FPSO ships
10 Car-carriers (size 3000-5100 car capacity), three on order ea.5000 cars.
40 supply ships, cable-layers and special vessels
29 drilling rigs (Maersk Contractors)
12 RORO-Ferrys in service by their own Netherlands based Norfolk Line.
265 (+) tugs, barges & other vessels (A/S Em Z.Svitzer-Wijsmüller Group), 40 (+) tugs on order
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/USA), France (Maersk France S/A), Egypt and Belgium (Safmarine).

[edit] A.P. Møller Container Terminals

Part of the A.P.Møller Container terminal at Port Elizabeth, New Jersey, USA

A.P. Møller-Mærsk operates 40 private container terminals around the world, most in 50/50 joint ventures with port-administrations. Nearly 15 of these were originally Sealand Corp. terminals, taken over in Nov. 1999. APM Terminals has its headquarters in Den Haag (Netherlands).
- Europe : Algeciras, Århus, Bremerhaven (enlarged with the CT4 in 2006-2008), Constanţa, Gioia Tauro, JadeWeserPort (opens in 2009 or 2010), Rotterdam, Zeebrugge.
- North America : Baltimore, Charleston, Houston, Jacksonville, Kingston, Los Angeles, Miami, New Orleans, Oakland, Portsmouth, Port Everglades, Port Newark-Elizabeth Marine Terminal, Savannah, Tacoma.
- South America : Buenos Aires, Itajai.
- Asia : Aqaba, Dalian, Kaosiung (Taiwan), Kobe, Laem Chabang (Thailand), Mumbai, Pipavav, Port Qasim, Qingdao, Tanjung Pelepas, Salalah, Shanghai, Yokohama, Jebel Ali .
- Africa : Apapa, Douala, Port Said, Cotonou (Benin), Onne Port (Nigeria), Tangier (opens in 7.2007).

[edit] Other Activities

Volkswerft Stralsund, Germany of the A.P. Møller Group with a large shipbuilding hall and new buildings on the pier: a 2,100 TEU Safmarine Container vessel and a Mærsk supply vessel.

Mærsk is also engaged in exploration for and production of Petroleum and Natural Gas.
Ship broker department.
Shipbuilding with the Odense Steel Shipyard, Volkswerft (Stralsund) in Germany, the Loksa Yard, Baltia ES in Estonia and the Baltijos Laivų Statykla Yard in Lithuania.
Suez Odense repair yard with a 300 m dock at Port Suez, Egypt.
Oilfield Drilling Industry (Maersk Contractors) with a fleet of Modern Jack-up rigs.
Mærsk Rosti A/S.
Mærsk Container A/S with container factories in Tinglev (Denmark), China, and the UK.
Supermarkets (the Dansk Supermarked Group).
Banking (Maersk owns more than 20% of Danske Bank, Denmark's largest bank)

[edit] History

[edit] 1886 - 1945: Beginnings to World War II

Mærsk global headquarters, located in Copenhagen, Denmark.

1886: Captain Peter Mærsk-Møller bought his first steamship, the British-built S.S. Laura.
1904: The Steamship Company Svendborg was founded by Captain Peter Mærsk-Møller and Arnold Peter Møller. The company's first ship was the British-built 2,200 tdw cargo steamer Svendborg.
1912: Steamship Company of 1912 was founded by A.P. Møller.
1918-1919: A.P. Møller builds his own shipyard, the Odense Staalskibsvaerft near the Odense Canal in the city of Odense. Keels are laid for first two ships.
May 1920: The newly erected Odense Yard deliveres its first ship, the Robert Mærsk.
1921: Odense Yard deliveres its first diesel powered vessel Leise Mærsk to A.P. Møller.
1926: A.P. Møller enters into the tanker business and orders 5 motor tankers with 8,100 and 11,200 tdw.
1928: A.P. Møller begins the first liner service under the Name Mærsk Line with 6 motorships, each 6000-7000 tdw on the Transpacificroute Far East - US West coast and via the Panama Canal to Baltimore.
Feb. 1928: A.P. Møller gets its first tanker, the 11.200 tdw Motortanker Emma Mærsk, built by Burmeister & Wain, Copenhagen.
March 1928: Odense Yard built its first Tanker with the 8,000 tdw M.T. Anna Mærsk.
1934: Mærsk Line gets the 9,000 tdw cargo motorship Nora Mærsk from Odense Yard, but after 2 years of service it sinks due to a fire in Indonesia.
Dec. 1936: The 16,500 tdw motortanker Eleonora Mærsk was delivered from the Deutsche Werft, Hamburg-Finkenwerder and is the biggest ship of the Mærsk fleet and also the largest single-crew motorship in the world.
1936: With the M.S. Francine, A.P. Møller gets from Odense yard its first reefer vessel. It is chartered to the J. Lauritzen Company, Denmark.
1937: Mærsk Line receives two 9,000 tdw motor cargo ships from Bremer Vulkan. The vessels are named Marchen Mærsk and Grete Mærsk.
1937: Odense Yard delivers two 7,000 tdw white-painted hull cargoships Gudrun Mærsk and Robert Mærsk with reefer capacity.
Feb. 1939: Odense Yard delivers the 9,200 tdw M.S. Laura Mærsk the largest cargo ship to the Mærsk fleet.
Sept. 1939: At the beginning of World War II, A.P. Møller was the second largest shipping company in Denmark with a total of 46 ships.
April 1940: On 8 April 1940, A.P. Møller issued Permanent Special Instruction One to the 36 Mærsk ships on the high seas. Should Denmark become involved in war, all ships were to report directly to the New York office and follow its instructions. No orders from Copenhagen were to be followed if not approved by the New York office. On the next morning, 9 April 1940, Germany invaded Denmark and Norway, and Denmark surrendered the same day. On 24 April, Mærsk Mc-Kinney Møller was made a partner in the company, and on 26 April he and his wife left Denmark. Mærsk Mc-Kinney Møller managed the New York office throughout World War II.
1941-1945: In June 1941, the United States took control of foreign ships and the Mærsk fleet served in the US navy for the rest of the war. More than half of the Mærsk fleet was lost during the war.

[edit] 1945 - 1965: Reconstruction following World War II

June 1945: Mærsk's pre-WWII fleet had been reduced to just seven ships. Another 14 ships remained under the control of the US under the US shipping board until 1946.
1947-48: A shipbuilding program is started. New vessels are ordered at yards in Denmark, Sweden, Germany, Italy, the Netherlands, Belgium, and Japan. Mærsk also takes over several US war-built ships of the US-"Liberty" and C-1 class and German-designed "Hansa A" and "Hansa B" class.
1953: Chastine Mærsk becomes the first of 13 motor ships in a new fast cargo ship class. The Mærsk fleet now has the same size as it had before World War II.
1954: The turbine tanker Regina Mærsk is launched, setting a new size-record for the Odense Yard. It is also the first Mærsk vessel with a blue-painted hull.
1956: The S.S. Hans Mærsk (built 1916) is sold after 40 years of service in the Mærsk fleet.
1959: The newly constructed Odense Lindø Yard, located in Munkebo around 10 km away from the old yard, opens. It has two large building docks and begins with laying the keel for two 50,000 tdw tankers.
1961: The first ships built at Lindø are five 50,000 tdw turbine tankers produced for Standard Oil of California and three for the Mærsk Line. Until 1977, the Yard mostly produced 100,000 tdw tankers. From 1968, 200,000 and 250,000 tdw tankers are produced, from 1971 280,000 tdw tankers, and ultimately 330,000 tdw tankers are produced as well.
1962: The Danish government grants A.P. Møller a license to search for oil in the Danish part of the North Sea. At the time, almost nobody expects any oil to be found. A new oil company, Mærsk Olie og Gas A/S, is later founded.
1962 - 1963: Three ships of the Trein Mærsk-class enters service. At the time, they were the company's largest cargo liners.
1964: Dansk Supermarked A/S is founded.
1965: A.P. Møller's Odense Yard produces its first product tankers Dangulf Mærsk and Svengulf Mærsk.

[edit] 1965 - 1993: Mærsk Mc-Kinney Møller takes the helm

1966: The Bulkcarrier Laura Mærsk (yard no. 177) is the last ship produced at the old Odense Yard. The old yard is closed.
1967: A.P. Møller produces its first supply vessel, Mærsk Supplier.
1967 : The Odense Lindø Yard is enlarged with a new 90 x 420 m construction dock with a great gantry crane. This enables the construction of VLCC tankers, later ULCC Tankers, and now Ultra-Post-Panamax container ships.
Nov. 1967 - 1969: Mærsk Line produces the last class of seven fast conventional motor cargo vessels, the Cecilie Mærsk-class. At test runs, they reach a maximum of 26 knots. They are used in the Europe-Far East service and in the Trans-Pacific service. In 1974, they are converted to semi-container ships, and following a large modification programme, as full container ships in 1980.
1968: Odense Lindø Yard builds its first 200,000 tdw tanker, Dirch Mærsk.
1969: Mærsk Air is founded and begins operations the following year.
July 1971: Odense Yard produces the 283,000 tdw turbine tanker Regina Mærsk, the biggest ship in Europe.
1972: The first gas tanker for A.P. Møller, Inge Mærsk enters service.
1973: Mærsk Line adds its first container ship to the fleet, the Japanese-constructed Svendborg Mærsk (1,800 TEU).
July 1974: Odense Yard builds the turbine tanker Kristine Mærsk (330,000 tdw), the biggest tanker in Europe. Six more vessels of this class are built for A.P. Møller until 1977.
Aug. 1975-1976: Mærsk Line receives nine fast single screw 1,200 TEU turbine container ships, the Adrian Mærsk-class, from the German shipyards Blohm & Voss (Hamburg) and Flenderwerft (Lübeck) for use in the trans-Pacific service. They are designed by United Ship Design & Development Centre in Taiwan.
April 1979: Construction of the new company headquarters at Esplanaden is completed.
1980: Six Odense built RORO-container ships (Elisabeth Mærsk-class) are added to the Mærsk fleet.
January 1981: Mærsk Line opens its own container service on the Europe-Far East route with the first container ship built at Odense Yard, Laura Mærsk (2,000 TEU). Ten sister ships join the fleet until 1985.
1988: A.P. Møller opens a container factory in Tinglev, Denmark.
1988: Mærsk begins a trans-Atlantic container service.
April 1988: Odense Yard produces the Marchen Mærsk (4,300 TEU), the largest containership of the world. Eleven more ships are built between 1988 and 1991.

M-class vessel "Maersk Mykonos" at NTB Bremerhaven ,July 2006

1989: Mærsk Line introduces the 45' container as a third standard container size.
1991-1996: Mærsk and P & O begin a joined global container service.
1992: The first large gas carrier Inger Mærsk (80,000 cbm) is added to the fleet.
Dec. 1992: Odense Yard produces the world's first double-hull 300,000 tdw tanker, Eleo Mærsk. Until 1995, 5 sister ships are produced for Mærsk Line and 3 additional for Saudi Arabian VELA.

[edit] 1993 - 1999: Bigger and Bigger

Mærsk Sealand 40' Containers

March 1993: Mærsk Line takes over the EacBen Container Line Ltd. with 9 large container ships. It becomes the largest container line in the world.
Dec. 1995: Hyundai H.I., Ulsan delivers the 4,300 TEU Panamax container ship Dragør Mærsk, the first of a series of 16 ships for Mærsk line.
Jan. 1996: The world's largest container ship, Regina Mærsk, is delivered from Odense Yard and enters the Europe - Far East liner service. At this time it holds many records: first ship over 6,000 TEU capacity, with a length of 318.2 meters, it is the first container ship over 300 meters; first with 42.80 m breadth and first over 80,000 BRZ and tdw.
May 1996: The Mærsk cooperation of the liner service with P&O is ended and a new global containerservice with Sealand Corporation is started.
Sept. 1997: Odense Yard delivers Sovereign Mærsk, the world's first 8,000 TEU and over 100,000 tdw container ship to the Mærsk fleet. It is also 346 meters long; the longest ship in the world at that time.
January 31, 1998: A.P. Møller Group acquires the Volkswerft in Stralsund (Germany) from the German Treuhand for 25 million dollars. The yard is completely modernized, including a large shipbuilding hall and a 230 m (now 275 m length) ship lift to launch the ships. Container ships (2,500 class) are produced for the Mærsk fleet. They have a size of 2,900-3,000 TEU. Supply vessels and cable-laying vessels are also produced.
February 1999: Mærsk takes control of the Safmarine container line, including the Compagnie Maritime Belge (CMB) with 50 owned and chartered container vessels.
1999: First vessel from mainland China (People's Republic of China), a 35,000 tdw R-class tanker built at Guangzhou Shipyard International.

[edit] 1999 - 2005: Mærsk-Sealand

Maersk Sealand

November 1999: Mærsk buys container shipper Sea-Land Corporation with 70 vessels, container terminals and liner service from the CSX Corporation. The new name of the shipping company is Mærsk Sealand.
June 2001: Mærsk buys the Dutch Smit-Wijsmüller salvage company (including the Esbjerg, Denmark based ESVAGT company) over its subsidiary company A/S Em Z. Svitzer with more than 250 vessels (tugs, barges, offshore and other vessels). The Mærsk group now operates the world's largest fleet of salvage and offshore vessels.
September 2002: Mærsk takes over the shipping liner activities of the Danish shipping company Torm, which sails from the United States to the Gulf and from the Eastern seaboard of the United States to the west coast of Africa. Within the Mærsk group, the routes are now operated by Safmarine.
2003: The two holding companies Dampskibsselskabet Svendborg A/S and Dampskibsselskabet af 1912 A/S are merged to A.P. Møller-Mærsk A/S.
March 2003: Odense Yard produces Axel Mærsk, at the time, the world's biggest and longest container ship. It also has the world's largest cargo capacity. It is the first container ship with 352 m Loa. Its width is 42.80 m, it carries 109,000 tdw, with a 12-cylinder HSD-Wärtsilä Sulzer diesel engine, developing 63,000 kW at 100 revolutions per minute – equivalent to 85,500 BHP. Five sister ships are built between 2003-2004 (Anna Mærsk, Arnold Mærsk, Arthur Mærsk, Adrian Mærsk, and Albert Mærsk).
April 2004 : The first LNG-carrier (120,000 cbm) with the name Mærsk Las Raffan from Samsung Heavy Ind. South Korean enters the Mærsk fleet. A sister ship is ordered for 2006.
May - Oct. 2004: Volkswerft builds three containerships of each 2100 TEU for Safmarine.
2004: The company headquarters at Esplanaden are enlarged and opens in February 2005.
2004 - 2005: Odense Yard builds its first naval ships with two flex-support-ships (Loa. 137.5 m) for the Royal Danish Navy.
- In 2004, the group had revenues of about 157,112 million DKK (21,138 million euros). In 2004, Mærsk made a net profit of DKK 18.4 billion (USD 3.1 billion). It is listed on the KFX-index of the Copenhagen Stock Exchange. In 2004, the company had a 12% share of the world's container shipping market. [4]
March 2005: Odense Yard delivers the Post-Panamax-Containership DAL Kalahari for Deutsche-Afrika-Linien, the first ship which is not built for the Mærsk Group for ten years.

[edit] 2005 - present:

11 May 2005: Mærsk announces plans to purchase the rival shipping company P&O Nedlloyd for 2.3 billion euros (USD 2.96 billion). Some analysts believe the purchase is inspired by the undercapacity in the world container market. World trade is currently growing faster than ships are being built. By buying another large company, Mærsk will be able to expand its capacity by a third. With this purchase, Mærsk will be by far the largest single shipping company and the largest container line in the world with more than 550 vessels. From 11 May to 24 June 2005, Mærsk acquired 19.4% of Royal P&O Nedlloyd stocks.
June, 2005: Odense Yard produces the Gudrun Mærsk for the Mærsk fleet, again setting a world record for biggest and longest container ship. It will serve on the Europe–Far East liner service.

9500 TEU container ship GUNVOR MÆRSK of the Gudrun Maersk -class

29 June 2005: P&O sells its last 25% share of Nedlloyd stocks to A.P. Møller and the two Danish banks Danske Bank and Nordea.
29 June 2005: A.P. Møller acquires the Irish sea ferry operator Norse Merchant Ferries with 9 ships.
30 June 2005: A.P. Møller-Mærsk agrees to sell Mærsk Air to Fons Eignarhaldsfélag, Iceland.
11 August 2005: A.P. Møller-Mærsk announces that the purchase of Royal P&O Nedlloyd N.V. has been completed. The company will be merged with Mærsk-Sealand. Royal P&O Nedlloyd has a fleet of 162 container vessels with 460,203 TEU. From February 2006, the new company will be named Mærsk Line. P&O Nedlloyd Logistics and Mærsk Logistics will be merged under the name Mærsk Logistics.
May 2006: The Volkswerft Stralsund delivers the first of a series of seven very fast 29 kn 4250 TEU Panamax Container ship, the Maersk Boston.
12 August 2006: Maersk again breaks the world record for largest container ship with the 11,000 TEU Emma Mærsk built at Odense Steel Shipyard.
3 March 2007: Evelyn Mærsk launched. Evelyn Mærsk joins it's sister ship's, Emma Mærsk, Eleonora Mærsk, and Estelle Mærsk.[5]

MAERSK BOSTON before sea trials at Volkswerft Stralsund

[edit] Management

The beginnings of the A.P. Møller-Mærsk Group were 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 twelve children, one of whom was Mærsk Mc-Kinney Møller (born 13 July 1913). In 1939, he 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, he also served as company chairman and did not relinquish this position until December 2003 (when he was 90 years old). He is still managing owner of the company and chairman of Odense Steel Shipyard until 2 May 2006. Two of Mærsk Mc-Kinney Møller's three daughters are members of the board, each with the title of vice president.