A.P. Moller-Maersk Group
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The A.P. Moller-Maersk Group (Danish: A.P. Møller-Mærsk) is an international business consortium involved in a variety of business sectors, primarily transportation. The company is more commonly known simply as Maersk and is most well known for its large shipping business. It is the largest container ship operator in the world. [1] (http://www.economist.com/agenda/displayStory.cfm?story_id=3960281) Maersk is based in Copenhagen, Denmark, but also has offices in more than 100 countries worldwide.
The Maersk Fleet comprises more than 387 vessels including container vessels, tankers, car carriers, supply ships, special vessels and drilling rigs.
Maersk is also engaged in exploration for and production of oil and gas, shipbuilding, aviation, industry, and supermarkets (the Dansk Supermarked Group).
The group had revenues of about 157,112 million DKK in 2003 (21,138 million Euros). Maersk made net profits of DKK 18.4 billion ($3.1 billion) in 2004. It is listed on the Copenhagen Stock Exchange (KFX). In 2004 the company held about 12% of the world container shipping market. [2] (http://www.economist.com/agenda/displayStory.cfm?story_id=3960281)
In May 2005 Maersk announced plans to purchase rival shipping company P&O Nedlloyd for 2.3 billion Euros. 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 Maersk will be able to expand its capacity by a third. If the purchase is successful Maersk will be by far the largest single shipping company in the world.
The A.P. Moller-Maersk Group originates from the shipping company founded by sea captain Peter Mærsk Møller and his son Arnold Peter Møller in Svendborg in 1904.
See also
External link
- A.P. Moller-Maersk Group (http://www.maersk.com/)
- Yahoo! - AP Møller - Mærsk A/S Company Profile (http://biz.yahoo.com/ic/54/54680.html)da:A.P. Møller-Mærsk