Maersk Line
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Maersk Line is the trade name for the container-shipping operations of the Danish company A.P. Moller-Maersk.
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[edit] P&O Nedlloyd
P&O Nedlloyd Container Line Limited was an Anglo-Dutch worldwide ocean-going container shipping line, with dual headquarters in London and Rotterdam. The company was formed in 1997 by the merger of the container-shipping interests of the Dutch transportation company Royal Nedlloyd (Nedlloyd Line) and the British shipping giant P&O Group (P&O Containers). The company was the first large merger in the fragmented global container shipping market and is commonly believed to have initiated the current industry consolidation. P&O Nedlloyd Ltd. was acquired by the A.P. Moller-Maersk Group (Maersk) in 2005 and was combined with their existing container shipping business Maersk-Sealand to form Maersk Line.
[edit] History
The company was formed by merging P&O Containers Limited (formerly OCL) and Nedlloyd Lines, in December 1996 as a 50/50 joint venture of P&O and Royal Nedlloyd representing the liner shipping interests of the two companies.
The company marketed itself as: "a worldwide port-to-port, or door-to-door, service using an extensive global network." At its height, P&O Nedlloyd had over 70 established trade lanes and provided connections to more than 250 main ports serving 120 countries worldwide. These elements, combined with well-developed feeder lines, extensive inland transport capabilities and port facilities, formed the base of its business, which quickly earned a reputation for being customer-focused.
P&O Nedlloyd was the largest partner in the Grand Alliance, which also included shippings concerns such as OOCL, Hapag Lloyd and NYK Lines.
Expanding in 1998, the line purchased Blue Star's container business. The company also acquired the container business of Harrison Line (based in the UK). Further expansion came with the buyout of Farrell Lines (US-based) in 2000.
In April 2004 Royal Nedlloyd purchased the remainder of P&O's share to make it a wholly owned division of Royal Nedlloyd, and the company was listed on the Euronext Amsterdam as Royal P&O Nedlloyd NV. On its own, it was the third largest container transportation and shipping carrier in the world, with routes connecting all parts of the globe.
- 2003 Revenue $5.51 billion U.S. Dollars
- 2004 Revenue $6.71 billion U.S. Dollars
[edit] A.P. Moller Acquisition
In May 2005 Maersk announced plans to purchase P&O Nedlloyd for 2.3 billion euros. The combined company would be by far the largest shipping company in the world with about 18% of world market share. Maersk completed the buyout of the company on 13 August 2005, Royal P&O Nedlloyd shares terminated trading on 5 September. In February 2006, the new combined entity adopted the name "Mærsk Line"
At the time the company was folded into A.P. Moller, it had a fleet of over 160 owned and chartered vessels, and a container fleet numbering some 635,000 owned and leased TEUs (twenty-foot equivalent units).
[edit] Sea-Land Corporation
Sea-Land Corporation was a United States shipping company that pioneered containerization. Established by Malcom McLean, it was at 1988 part of CSX Corporation and since 1999 part of the A.P. Moller-Maersk Group under the name Maersk Line.
[edit] Company business
- Container Shipping
- Logistics Services
[edit] Subsidiaries
- Maersk Logistics
- Martinair (50% and KLM 50%)
- China Shared Services Centre
- India Shared Services Centre
