Maersk

The largest container ship and supply vessel operator in the world.

Categories

Energy and Utilities  

#575

Rank

$31.8B

MarketCap DK

DK Denmark

Country

Summary

A.P. Møller - Mærsk A/S operates as an integrated transport and logistics company worldwide. The company's Ocean segment engages in container shipping activities, including demurrage and detention, terminal handling, documentation and container services, and container storage, as well as transhipment services under Maersk Line, Safmarine, and Sealand. 

A Maersk Company, Hamburg Süd, and APM Terminal brands, sale of bunker oil. Its Logistics & Services segment offers sea and air freight forwarding, supply chain management, cold chain logistics, and custom services, services. The company's Terminals & Towage segment is involved in Gateway terminal activities, and offshore towage, salvage and related marine activities under APM Terminals brand. Its Manufacturing & Others segment engages in the production of reefer containers; anchor handling tug supply vessels and subsea support vessels, and training services to the maritime, oil and gas, offshore wind, and crane industries. The company was founded in 1904 and is based in Copenhagen, Denmark.


History

Dampskibsselskabet Svendborg was founded in Svendborg in April 1904 by captain Peter Mærsk Møller and his son Arnold Peter Møller . A. P. Møller had four children, all by his first wife Chastine Estelle Roberta Mc-Kinney. 

P. M. Møller, 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. 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 grey and cloudy sky, it would mean that the Lord answers prayers." The same star later became the emblem of the Maersk Group. A.P. Moller–Maersk is structured into two main business segments: transport & logistics and energy. 

Their second child was Mærsk Mc-Kinney Møller, who became a partner in 1939 and head of the firm upon his father's death. 

These two branches include several subsidiaries such as 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."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 and terminal activities under the brand names: Maersk Line, Safmarine, and Damco. For the first since 1996, Maersk has been overtaken by MSC, which has become the container line with the largest shipping capacity.

In 1993, Mærsk Mc-Kinney Møller was succeeded as CEO by Jess Søderberg. He continued as chairman until December 2003, at which point he was 90 years of age and Michael Pram Rasmussen took over. 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. In 2016, A.P. Moller – Maersk announced the strategic decision to focus solely on container logistics and to dismantle the conglomerate structure by separating out the oil and gas-related activities. 

The majority shareholding in Maersk Tankers was sold to A.P. Moller Holding in 2017. Maersk Oil was sold to TOTAL S.A. in 2018 and Maersk Drilling became a separately listed company in April 2019. In 2017, the company was one of the main victims of the NotPetya ransom malware attack, which severely disrupted its operation for several months. In 2021, the company bought 8 carbon-neutral ships for £1bn. In August 2021, Maersk joined the BEC Low-Carbon Charter.

 

 


Mission

Maersk's mission statement reflects the company's dedication to creating a more efficient and sustainable global logistics industry: “It's a mindset and a promise. It’s our commitment to connect and simplify global logistics so it works better for businesses, society and our planet. And it's what it takes to make that happen”. They strive to simplify the complex logistics of global trade by providing reliable, cost-effective, and timely transportation services to customers worldwide.

Their mission is based on the belief that they have a responsibility to the environment and society at large. They aim to reduce their carbon footprint, optimize their operations, and minimize waste to create a more sustainable future for all. By adopting a holistic approach to logistics, Maersk aims to make a positive impact on the world while continuing to grow as a business.

To achieve their mission, Maersk focuses on innovation, collaboration, and customer service. They invest in new technologies and processes that improve their efficiency, reduce their environmental impact, and increase customer satisfaction. They also work closely with their customers, partners, and stakeholders to understand their needs and develop solutions that meet their unique requirements.

Ultimately, Maersk's mission is to build a more connected, efficient, and sustainable global logistics industry. They aim to lead by example, setting the standard for excellence in logistics and inspiring others to follow their lead.


Vision

Per the company: “At Maersk, our vision is to transform the flow of the foods, goods, data and materials that sustain people, businesses and economies the world over. To enable the exchange of ideas, culture and trust for a truly integrated world where value is created for everyone.”

Maersk's vision aims to transform the flow of various essential items such as foods, goods, data, and materials that sustain people, businesses, and economies worldwide. They envision a world where these items can be exchanged seamlessly, enabling the exchange of ideas, culture, and trust, ultimately creating value for everyone involved.

Their vision includes a world that is more integrated, efficient, and sustainable, which can be achieved through their extensive global network of logistics services. By streamlining the movement of goods, Maersk aims to drive economic growth and improve the standard of living for people all over the world.

Maersk also recognizes the importance of sustainability and reducing their impact on the environment. Their vision includes creating a more sustainable supply chain, reducing waste and emissions, and promoting circular economies. This approach aligns with the United Nations Sustainable Development Goals and Maersk's commitment to being a responsible global citizen.


Key Team

Ms. Henriette Hallberg Thygesen (Exec. VP, Member of Management Board and CEO of Fleet & Strategic)

Mr. Navneet Kapoor (Exec. VP, Chief Technology & Information Officer and Member of the Exec. Board)

Ms. Sarah Spray (Head of Investor Relations)

Ms. Caroline Pontoppidan (Sr. VP, Gen. Counsel & Head of Corp. Affairs)

Signe Wagner (Head of Media Relations & Head of External Relations)

Ms. Susana Elvira (Chief People Officer)

Mr. Lars-Erik Brenoe (Exec. VP)


Recognition and Awards
Award for the Group's Sustainability Report 2015 - 2014- 2013 - 2012. Maersk was named the “Most Sustainable Shipping Company” by GlobeScan, a global research and consulting firm. Maersk was also named “Responsible Company of the Year” by the DNV-GL Sustainability Awards.

Products and Services

Maersk offers a wide range of products and services related to global logistics, transportation, and supply chain management. Here are some of the key products and services offered by Maersk:

Container shipping: Maersk is one of the largest container shipping companies in the world, with a fleet of more than 700 vessels. The company offers shipping services to more than 130 countries, with a focus on reliable, efficient and sustainable transportation of goods.

Logistics and supply chain management: Maersk provides end-to-end supply chain management solutions, including customs clearance, warehousing, and distribution services. The company also offers consulting services to help businesses optimize their supply chain operations.

Intermodal transportation: Maersk offers a variety of intermodal transportation services, including rail, truck, and barge transportation, to provide customers with efficient and cost-effective transportation solutions.

Digital services: Maersk has invested heavily in digital technologies to help streamline logistics operations and improve supply chain visibility. The company offers a range of digital tools, such as online booking, tracking, and real-time supply chain visibility, to help customers manage their shipments more effectively.

Energy services: Maersk is also involved in the energy industry, providing drilling and production services to the oil and gas sector. The company has a fleet of drilling rigs and provides drilling and well services to customers around the world.


References
Maersk
Leadership team

Mr. Patrick Jany (Exec. VP, CFO & Member of Exec. Board)

Mr. Vincent Clerc (Exec. VP, Member of Management Board and CEO of Ocean & Logistics)

Industries

Energy and Utilities

Products/ Services
Customer Service, Logistics, Retail, Shipping
Number of Employees
Above 50,000
Headquarters
Copenhagen, Hovedstaden, Denmark
Established
1904
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0001446948
Net Income
Above - 20B
Revenue
Above - 1B
Traded as
MAERSK-B.CO
Social Media

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Sat Mar 02 2024
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