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Wikipedia

Maersk

January 26, 2023

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

A.P. Møller – Mærsk A/S (pronounced [ˈɛˀ ˈpʰe̝ˀ mølɐˈmɛɐ̯sk]), also known simply as Maersk (/mɛərsk/),[5] is a Danish shipping company, active in ocean and inland freight transportation and associated services, such as supply chain management and port operation.[6] Maersk was the largest container shipping line and vessel operator in the world from 1996 until 2022.[7][8] The company is based in Copenhagen, Denmark, with subsidiaries and offices across 130 countries and around 83,000 employees worldwide in 2020.[4][9]

A.P. Møller – Mærsk A/S
Maersk head office
TypeAktieselskab
IndustryFreight transport
PredecessorGolden Frigate Shipping Co.
Fowler & Fowler Shipping Co.
Founded16 April 1904; 118 years ago (1904-04-16)
FoundersArnold Peter Møller
Peter Mærsk Møller
HeadquartersCopenhagen, Denmark
Key people
Vincent Clerc (Group CEO)
Claus V. Hemmingsen (Group Vice CEO)
ProductsContainer shipping and terminals, logistics and freight forwarding, ferry and tanker transport, semi-submersible drilling rigs and FPSOs, oil and gas exploration and production, shipyards, store retail
RevenueUS$ 106 billion (2022)
US$ 24 billion (2021)[2]
US$ 18 billion (2021)[2]
Total assetsUS$ 73 billion (2021)[2]
Total equityUS$ 45 billion (2021)[3]
OwnerMøller/Mærsk Mc-Kinney Uggla family (69.92% voting power)
Number of employees
95,000 (2021)[4]
Subsidiaries900+
Websitewww.maersk.com
A Maersk Line 40ft container being lifted by a crane.

It is a publicly traded family business, as the company is controlled by the namesake Møller family through holding companies.[10] In September 2016, Maersk Group announced that it was splitting into two separate divisions: Transport & Logistics, and Energy.[11] The company's 2018 annual revenue was US$39 billion (2019).[12] In the 2020 Forbes Global 2000, Møller-Maersk was ranked as the 622nd -largest public company in the world.[13]

History

Main article: History of Maersk

Dampskibsselskabet Svendborg (Danish for 'Svendborg Steamship Company') was founded in Svendborg in April 1904 by captain Peter Mærsk Møller (1836–1927) and his son Arnold Peter (A. P.) Møller (1876–1965). A. P. Møller had four children, all by his first wife Chastine Estelle Roberta Mc-Kinney. Their second child was (Arnold) Mærsk Mc-Kinney Møller (1913–2012), who became a partner in 1939 and head of the firm upon his father's death. In 1993, he 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.[14]

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.[15]

In 2017, the company was one of the main victims of the NotPetya ransom malware attack, which severely disrupted its operation for several months.[16]

In 2021, the company bought 8 carbon-neutral ships for £1bn.[17][18][19]

In August 2021, Maersk joined the BEC Low-Carbon Charter.[20][21]

Emblem

 
The SS Laura in 1886 in Svendborg, Denmark

P. M. Møller (1836–1927), 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 gray and cloudy sky, it would mean that the Lord answers prayers." The same star later became the emblem of the Maersk Group.[22]

A.P. Moller–Maersk is structured into two main business segments: transport & logistics and energy. 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.[14][23]

"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.[24] For the first since 1996, Maersk has been overtaken by MSC, which has become the container line with largest shipping capacity.

.[25]

Transport and logistics

Maersk

 
Mærsk Kalamata in Seattle harbor
 
Eleonora Mærsk, one of the E-class vessels
Main article: Maersk Line

The largest operating unit in A. P. Moller–Maersk by revenue and staff (around 25,000 employees in 2012)[26] is Maersk Line. In 2013, the company described itself as the world's largest overseas cargo carrier and operated over 600 vessels with 3.8 million[27] twenty-foot equivalent unit (TEU) container capacity. As of January 2021, as the largest container fleet, it held 17% of the global TEU.[28]

In 2006, the largest container ship in the world to that date, the E-class vessel Emma Maersk, was delivered to Maersk Line from Odense Steel Shipyard.[29] Since, seven other sister ships have since been built, and on 21 February 2011 Maersk ordered ten even larger container ships from Daewoo, the Triple E class, each with a capacity of 18,000 containers. The first were delivered in 2013.[30] There was an option for 10–20 more,[31][32][33] and in June 2011, Maersk placed a follow-on order for a second batch of ten sister ships (to the same design with the same shipyard), but cancelled its option for a third batch of ten.

As of February 2010, Maersk had an order book for new ships totalling 857000TEU (including options on the Triple E class); that backlog is larger than the existing fleet of the fourth-largest line, Evergreen Line.[25]

Maersk Line cooperated with the United States Navy on testing 7–100% algae biofuel on the Maersk Kalmar in December 2011.[34][35]

In January 2012, Søren Skou took over as CEO of Maersk Line from Eivind Kolding.[36][37] Later that year, the company ceased its business in Iran in order to prevent potential damage to the company's business with Western countries, particularly the US, due to the sanctions regime led by those countries.[38][39]

On December 12, 2022, Vincent Clerc was appointed CEO of Maersk and will take up his duties on January 1, 2023.[40]

APM Terminals

Main article: APM Terminals
 
APM Terminals at Portsmouth, Virginia, United States

A. P. Moller–Maersk's independent APM Terminals business unit with its separate headquarters in The Hague, Netherlands, operates a Global Port, Terminal and Inland Services Network with interests in 57 ports and container terminals in 36 countries on five continents, as well as 155 Inland Services operations in 48 countries. Port and Terminal Operations include:

Maersk Container Industry

 
Svitzer Bootle assisting Mærsk Newcastle on the River Thames

Maersk Container Industry A/S: Container manufacturing with factories in China (Dongguan and Qingdao) and headquarters in Denmark (Tinglev).[14]

Container Inland Services: Includes: depots, equipment repair, trucking, container sales and related activity.[14]

Svitzer

Svitzer was founded as a salvage client in 1833 before entering the towing business in 1870. Svitzer become majority owned by Maersk in 1979.[41][42] Svitzer has continued to grow including through purchasing the tugboat operations of Adsteam[43] and it now has a fleet of over 400 tugs, line handlers and other vessels. The company provides harbour and terminal towage services in over 100 ports and 20 oil and gas terminals across the globe.[44] As of January 2022 Svitzer operates a fleet of 110 vessels in seven ports and 11 terminals across 12 countries in Svitzer operates in the Africa, Middle East & Asia region.[45][46]

Damco

Damco was the combined brand of the Maersk Group's logistics activities previously known as Maersk Logistics and Damco.[24] As of 2008 Damco had 10,800 employees in offices in more than 93 countries.[24] and was involved in supply chain management and freight forwarding all over the world. In September 2019 Maersk announced that they would dissolve the Damco brand and integrate their remaining activities after initially merging Maersk Line and Damco at the beginning of 2019 at which time the freight forwarding business of Damco stayed separate.[47] The dissolving of the Damco brand was completed by the end of 2020.[48]

Energy

Maersk Oil

Main article: Maersk Oil

Maersk Oil (Danish: Mærsk Olie og Gas A/S) was established in 1962[49] when Maersk was awarded a concession for oil and gas exploration and production in the Danish sector of the North Sea. Maersk Oil is engaged in the exploration for and production of oil and gas in many parts of the world. 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, Dutch 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 developed production techniques especially suited to difficult environments (The North Sea, etc.) and for drilling techniques that extract oil from problematic underground conditions.

Oil and gas activities provided A .P. Moller – Maersk with 22% of its revenue and 68% of its profit in 2008.[24] On 21 August 2017, A. P. Møller - Mærsk A/S announced the signing of an agreement to sell Mærsk Olie og Gas A/S to Total S.A. for US$7.45 billion in a combined share and debt transaction.[50] The transaction was subject to regulatory and competition approval and was closed on 8 March 2018,[51] when Maersk Oil became a part of Total.

Maersk Drilling

Main article: Maersk Drilling

Maersk Drilling supports global oil and gas production by providing high-efficiency drilling services to oil companies around the world.[52] The company owns 24 rigs and its fleet consists of six Ultra-Harsh jack-ups, four XL Enhanced jack-ups (including one new build which is set for delivery in late 2016), four Harsh jack-ups, two Premium jack-up, four semi-submersibles and four Ultra deepwater drillships.[52] Maersk Drilling is among others a market leader in the Norwegian jack-up market with a market share of 7 out of 12 rig As of 2016.

Maersk Supply Service

Maersk Supply Service provides anchor handling, towage of drilling rigs and platforms as well as supply service to the offshore industry. By 2021, the fleet consists of 41 vessels including anchor handling tug supply vessels (AHTS), subsea support vessels (SSV) and platform supply vessels (PSV).[53]

Other

Maersk Line, Limited

Maersk Line, Limited (MLL) is a US-based subsidiary of A.P. Moller–Maersk Group which owns and operates a fleet of US-flag vessels providing the U.S. Federal Government and their contractors with multimodal transportation and logistics services. A Virginia-based organization, MLL manages the world's largest fleet of internationally trading US-flagged vessels.

Maersk Line has been involved in Department of Justice Investigations and paid fines in 2012.[54]

MCC transport

MCC Transport hosts containerized cargo services in the Intra-Asia market. The company was later renamed Sealand-Asia.

 
Safmarine Nokwanda

Seago Line

Seago Line is a subsidiary shipping line which serves ports in the Mediterranean region.[55] The company is now Sealand- Europe and Mediterranean.

Safmarine

Safmarine is an independently operated shipping company in the A. P. Moller–Maersk Group with roots in Africa. It operates a fleet of more than 40 container vessels and more than 20 multi purpose vessels (MPVs).[56] The company has five container vessels and four MPVs on order for delivery in 2009–2011.[needs update][57] In September 2020, it was announced that the Safmarine brand will be integrated into Maersk.[58]

Sealand

SeaLand, branded "Sealand – A Maersk Company", is an American regional maritime and logistics operator. It has been part of A. P. Moller - Maersk since 1999.[59][60][61] The Sealand name was phased out in 2009,[62] but revived as a separate brand in 2014.[63] After focussing on intermodal services between North, Central and South America, in 2018 it was merged with other Maersk intra-regional brands MCC Transport and Seago Lines to cover European, Mediterranean, and Intra-Asian markets.[64][65]

Maersk Global Service Center

Maersk GSC operates shared service centres that handle back office, off-shore activities for AP Moller Maersk Group. GSCs are located in Chennai, Mumbai, Pune, Bengaluru, Chengdu, and Metro Manila.

Tankers, offshore and other shipping activities

Tankers, offshore and other shipping activities" was responsible for 8.8% of Maersk's revenue in 2008, and posted 25% of the group's profit for this period. The business segment comprises Maersk Tankers (it's technical management business sold to Synergy Marine Group in 2021),[66] Maersk Supply Service, Maersk Drilling, Maersk FPSOs, Maersk LNG and Svitzer.[24]

South American Aliança

Brazilian coaster container ship subsidiary with eight ships.[67][68]

Ardent

Ardent Salvage, a joint operating salvage company formed after the merger between Maersk-operated Svitzer and Crowley-operated TITAN Salvage, is involved in towage, salvage, wreck removal, marine firefighting and other offshore support and is represented in more than 100 ports worldwide. Ardent is based in Houston, Texas.[69]

 
Bust in Copenhagen

KGH

Acquired in 2020, KGH is a European provider of customs and trade solutions, including customs broker services and software applications development.

Retail activity

Main article: Dansk Supermarked A/S

The company formerly owned a stake in Dansk Supermarked Group which operates stores under the brands: Bilka (hypermarket), Føtex (supermarket, department store), Salling (department store) and Netto (discount supermarket).[24]

Maersk Training

Maersk Training provides specialist training to specific industries. The 2010 merger of Maersk Training Centre and Svitzer Safety Services broadened a portfolio of courses to include the maritime, oil and gas, terminals, and wind power industries.

With Headquarters in Svendborg, the MT Group global locations include Aberdeen and Newcastle in the UK, Esbjerg in Denmark, Stavanger in Norway, Rio de Janeiro in Brazil, Chennai & Mumbai in India, Kuala Lampur in Malaysia.[70] New centres include Houston, United States and Dubai, United Arab Emirates which is also the Middle Eastern hub.

Star Air

Star Air operates 11 leased Boeing 767 cargo aircraft, primarily engaged in long-term contract flying for United Parcel Service (UPS) in Europe.[24] The Maersk corporate aircraft, a Gulfstream 450, is also operated by Star Air.

European Rail Shuttle B.V.

Main article: European Rail Shuttle B.V.

In August 2013 Freightliner Group announce the acquisition of leading European intermodal rail operator and railway undertaking ERS Railways B.V. from Maersk Line. ERS Railways B.V. is a railway transport company headquartered in Rotterdam, providing cargo transport, mostly ISO shipping containers.

World Robot Olympiad

Main article: World Robot Olympiad

World Robot Olympiad is a robotic competition headquartered in Singapore. Maersk Oil is currently a Gold sponsor of this event.

Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping

A group of leading industry players are taking the next step to develop new fuel types and technologies by launching the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping.[71]

Maersk and Danish climate targets

In the total count, the weight of A.P. Møller-Maersk is extraordinarily heavy, as the shipping company accounts for over 80% of the danish top 30 companies' emissions of carbon dioxide from operations, and in the overall calculation, the CO2 reductions in many of the other companies are therefore balanced by the fact, that Mærsk has increased emissions by 2% since 2019, with a total of 37 million tonnes in 2021, but presented plans to be CO2 neutral as early as 2040.[72]

Since the Danish climate targets of a 70 percent CO2 reduction in 2030 are territorial based, emissions from foreign shipping and aviation from Danish ports and airports, and internationally, are not counted, as the responsibility lies with the UN's organizations for aviation (ICAO) and shipping (IMO), therefore the Maersk fleet is not obliged to make reductions,[73] but instead pay through slightly higher taxes from the emissions, to a fund based on taxes from the fleets use of bunker fuel, which will be able to compensate and finance climate measures, a concept developed by the Ministry of Climate and the Danish Maritime Authority.[74][75][76]

In 2008, it was calculated by the DK Group, that the Maersk fleet together released just over one million tonnes of sulfur dioxide SO2 per year from the fleets use of bunker fuel, and at the time until 2014, when China Shipping Lanes took over by one meter and 20 percent less fuel emissions,[77] the world's largest container ship Emma Mærsk emits SO2 equivalent to 50 million cars.[78]

"These are figures that are publicly available. But they have probably not really come to light because shipping has been totally unregulated. But when the biggest ships sail out, you have to imagine that 50 million cars will follow," says Jørn Winkler, founder of DK Group. For example, there are filters that remove virtually all sulfur dioxide and nitrogen, but the price of a filter for a large container ship is DKK 25 million. By comparison, Maersk uses approximately DKK 46 billion worth of fuel per year (expenses deducted as a cost in company tax calculations), and "In the past 20 years, it has been possible to remove the particles from the ships' exhaust fumes, but the will to do something is lacking," says Jørn Winkler in 2008.[78]

The Danish Ministry of the Environment has in 2009 initiated an action plan, where the requirement is that SOx and NOx must be reduced using desulfurization plants, the so-called scrubbers, to built into the ships' chimney systems.[79]

As shipping companies in Denmark have a special tax scheme – tonnage tax, which has been in force since 2001 to keep the shipping companies on Danish soil. Tonnage tax means that shipping companies pay a fixed tax or charge per ship, and the amount is thus not affected by the company's profit. With the tonnage tax, the shipping companies avoid the classic corporation tax of 22 percent, which other companies have to pay. The tax scheme means that in 2021, Maersk paid around 4% of a record-breaking earnings of about 16,08 billion USD (117.5 billion Danish kroner) before tax,[80] and expected to be DKK 270 billion in 2022.[81][82] This compared to a deficit of DKK 3 billion in the company's accounts for the first half of 2009. – The first deficit in the group's history since World War II,[83] with an expected deficit for the whole of 2009 of DKK 10.7 billion.[84][85]

Piracy

 
Maersk Alabama as seen from a P-3C Orion Aircraft during its 2009 hijacking.
Main article: Maersk Alabama hijacking

On the morning of 8 April 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 US-flagged vessel had 20 US nationals on board. This was the first time that the US 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. On 12 April 2009, it was confirmed that the captain held hostage was freed by the US Navy, whose SEAL sharpshooters killed three of the pirates. A fourth pirate surrendered earlier due to a medical injury. These events were subsequently dramatized in the 2013 film Captain Phillips, directed by Paul Greengrass, starring Tom Hanks in the titular role.

Maersk Line estimated that piracy costs the company $100 million per year due to longer routes and higher speed, particularly near East Africa.[86]

As of 2010, all 83 Maersk tankers were diverting around the Cape of Good Hope south of Africa instead of going through the Suez Canal,[87] although Mærsk Mc-Kinney Møller, the first of the Triple E-class vessels, successfully navigated the Suez during her maiden voyage.

Criticism

Labor practices in El Salvador and China

Trade unions and labor rights organizations have criticized Maersk's labor practices in different parts of the world.

In El Salvador, Maersk has been accused of maintaining abusive conditions for port drivers. Charges include excessively long shifts, minimal wages and the repression of freedom of association by running union-busting campaigns, including firing and blacklisting at least 100 drivers in 2001.[88][89]

Globalization Monitor, a labor rights group based in Hong Kong, has reported poor labor conditions in Maersk facilities in Dongguan and Qingdao, China. In January and May 2008, respectively, two riots reportedly broke out amongst workers at the Maersk plant in Dongguan in protest of poor working conditions and employment terms. In April 2011, Globalization Monitor stated, "Maersk's plants in China are still far from satisfactory as long as labor and human rights are concerned."[90] This although Danish news articles already in November 2009 brought results from a report made by an external work environment consultant Crecea which stated that the environment on the Maersk factory in Dongguan was above average in China.[91]

Overcharging allegations of US Government in Iraq and Afghanistan

In response to a complaint from whistleblower Jerry H. Brown II, the US Government filed suit against Maersk for overcharging for shipments to US forces fighting in Iraq and Afghanistan. In a settlement announced on 3 January 2012, the company agreed to pay $31.9 million in fines and interest, but made no admission of wrongdoing. Brown was entitled to $3.6 million of the settlement.[92]

Violation of embargo on Sudan

In August 2010, the US government fined Maersk $3.1 million for violating its embargo on Sudan. "Maersk had a waiver from the US government to deliver US Food Aid into Sudan so the US-flagged ship was in Port Sudan to deliver humanitarian aid," a U.S. government spokesman said, but "the booking systems did not identify cargo that was coming on and off the ship and that could be of violation of the embargo". The US government imposed a trade embargo on Sudan in 1997 due to human rights violations linked to the civil war between the north and south of the African country, and also because of the regime's alleged support of international terrorist groups.[93]

Business with Iran

In July 2010, the advocacy group originally highlighted Maersk's ties to a blacklisted Iranian company, Tidewater Middle East Co. The firm suspended operations at several Iranian ports owned by Tidewater Middle East Co. Maersk operates in other Bangladeshi ports and also diverted shipments to Dubai, partnering with other Bangladeshi companies that are not bound by U.S. sanctions.[94][95]

On 28 April 2015, the Marshall Islands-flagged container ship Maersk Tigris, which was not owned by Maersk,[96] was travelling westbound through the Strait of Hormuz. Iranian Revolutionary Guard naval patrol boats contacted the ship, and directed it to proceed into Iranian territorial waters, according to a spokesman for the US Defense Department. When the ship's master declined, one of the Iranian craft fired shots across the bridge of Maersk Tigris. The master complied and proceeded into Iranian waters near Larak Island. The US Navy sent aircraft and a destroyer, USS Farragut, to monitor the situation.[97]

Maersk stated they have agreed to pay an Iranian company $163,000 over a dispute about ten container boxes transported to Dubai in 2005. The court ruling allegedly ordered a fine of $3.6 million.[98]

Regulation violations and contract fraud

In October 2010, Maersk plead guilty to 8 counts of failing to provide adequate hours of rest and 1 count of failing to improve the situation.[99][100]

In February 2014, Maersk paid 8.7 million to settle allegations that it Maersk had forged documents on a contract to ship cargo to Afghanistan. The government says they uncovered 277 instances "in which claims verifying receipt of shipments in Afghanistan contained forged signatures." The settlement included no admission of guilt.[101]

Sexual harassment suspensions and lawsuits

In May 2021, a Maersk officer's license was suspended after he was accused of sexual assault including abusive, unwanted, and inappropriate touching in violation of Maersk anti-harassment policy.[102] On 12 October 2021, Maersk suspended five employees for their involvement in the rape of a 19-year-old girl.[103][104]

In June 2022, Hope Hicks, formerly known as "Midshipman X" filed a lawsuit against Maersk, alleging that the company failed to protect her from rampant sexual abuse.[105] In the same month, a second US Merchant Marine Academy (USMMA) student under the alias "Midshipman Y" filed a suit against Maersk, also alleging that the company did not protect her from sexual abuse and violence.[106]

Pollution from fuels

In 2009, it was estimated that the Maersk fleet's use of bunker fuel released sulphur dioxide and nitrogen oxides, into the atmosphere corresponding to the emissions from 9 billion cars, with resultant serious health, environmental, and climate change impacts related.[79][107][108]

The health problem with bunker fuel (heavy fuel oil), a type of oil used in 80 percent of the world's merchant ships in 2008, with a total consumption of 290 million tons per year is, that it has a very high sulfur content, which smokes directly from the chimney, after which it spreads and can make people sick or even be lethal," says Jørgen Brandt, who is a senior researcher at the Department of Atmospheric Environment at Aarhus University. Mærsk is aware of the extent of the problem. Ivan Seistrup, group vice-president in A.P. Møller Mærsk, stated in 2009: "Among other things, we have entered into close cooperation with Boeing on the development of biofuel for the shipping industry, which will constitute a technological quantum leap. One solution could be to sail on clean biofuel in coastal areas, and then use bunker fuel in the open sea, where it does no harm."[79][107]

NotPetya malware attack

On 27 June 2017 Maersk IT systems were the victim of a malware attack utilizing NotPetya, which was designed to appear to be a ransomware attack.[109] The cyberattack was perpetrated by the Russian military cyberorganization, the GRU, and designed to attack Ukraine, but in fact almost destroyed Maersk Shipping, the largest shipper of containers in the world. Wired magazine described the malware attack as the 'Most Devastating Cyberattack in History.'[110] In March 2020 Maersk revealed they would be terminating the employment and outsourcing the work of the UK based IT team that helped them successfully fend off and recover from the ransomware attack that shut down operations.[111]

See also

References

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Sources

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External links

 
Wikimedia Commons has media related to Maersk.
  • Official website
  • Maersk companies grouped at OpenCorporates
  • Maersk Line, Limited
  • Website of SVITZER A/S
  • Website of the shipping line "Maersk Line"
  • Website of Maersk Mc-Kinney Moller Bio "Death" 2020-11-30 at the Wayback Machine

January 26, 2023
maersk, this, article, lead, section, short, adequately, summarize, points, please, consider, expanding, lead, provide, accessible, overview, important, aspects, article, february, 2020, coordinates, 6874472, 5981333, 6874472, 5981333, møller, mærsk, pronounce. This article s lead section may be too short to adequately summarize the key points Please consider expanding the lead to provide an accessible overview of all important aspects of the article February 2020 Coordinates 55 41 14 81 N 12 35 53 28 E 55 6874472 N 12 5981333 E 55 6874472 12 5981333 A P Moller Maersk A S pronounced ˈɛˀ ˈpʰe ˀ molɐˈmɛɐ sk also known simply as Maersk m ɛer s k 5 is a Danish shipping company active in ocean and inland freight transportation and associated services such as supply chain management and port operation 6 Maersk was the largest container shipping line and vessel operator in the world from 1996 until 2022 7 8 The company is based in Copenhagen Denmark with subsidiaries and offices across 130 countries and around 83 000 employees worldwide in 2020 4 9 A P Moller Maersk A SMaersk head officeTypeAktieselskabTraded asNasdaq Copenhagen MAERSK AMAERSK BOMXC25CAP component 1 IndustryFreight transportPredecessorGolden Frigate Shipping Co Fowler amp Fowler Shipping Co Founded16 April 1904 118 years ago 1904 04 16 FoundersArnold Peter MollerPeter Maersk MollerHeadquartersCopenhagen DenmarkKey peopleVincent Clerc Group CEO Claus V Hemmingsen Group Vice CEO ProductsContainer shipping and terminals logistics and freight forwarding ferry and tanker transport semi submersible drilling rigs and FPSOs oil and gas exploration and production shipyards store retailRevenueUS 106 billion 2022 Operating incomeUS 24 billion 2021 2 Net incomeUS 18 billion 2021 2 Total assetsUS 73 billion 2021 2 Total equityUS 45 billion 2021 3 OwnerMoller Maersk Mc Kinney Uggla family 69 92 voting power Number of employees95 000 2021 4 Subsidiaries900 Websitewww wbr maersk wbr comA Maersk Line 40ft container being lifted by a crane It is a publicly traded family business as the company is controlled by the namesake Moller family through holding companies 10 In September 2016 Maersk Group announced that it was splitting into two separate divisions Transport amp Logistics and Energy 11 The company s 2018 annual revenue was US 39 billion 2019 12 In the 2020 Forbes Global 2000 Moller Maersk was ranked as the 622nd largest public company in the world 13 Contents 1 History 1 1 Emblem 2 Transport and logistics 2 1 Maersk 2 2 APM Terminals 2 3 Maersk Container Industry 2 4 Svitzer 2 5 Damco 3 Energy 3 1 Maersk Oil 3 2 Maersk Drilling 3 3 Maersk Supply Service 4 Other 4 1 Maersk Line Limited 4 2 MCC transport 4 3 Seago Line 4 4 Safmarine 4 5 Sealand 4 6 Maersk Global Service Center 4 7 Tankers offshore and other shipping activities 4 8 South American Alianca 4 9 Ardent 4 10 KGH 4 11 Retail activity 4 12 Maersk Training 4 13 Star Air 4 14 European Rail Shuttle B V 4 15 World Robot Olympiad 4 16 Maersk Mc Kinney Moller Center for Zero Carbon Shipping 4 17 Maersk and Danish climate targets 5 Piracy 6 Criticism 6 1 Labor practices in El Salvador and China 6 2 Overcharging allegations of US Government in Iraq and Afghanistan 6 3 Violation of embargo on Sudan 6 4 Business with Iran 6 5 Regulation violations and contract fraud 6 6 Sexual harassment suspensions and lawsuits 6 7 Pollution from fuels 7 NotPetya malware attack 8 See also 9 References 9 1 Citations 9 2 Sources 10 External linksHistory EditMain article History of Maersk Dampskibsselskabet Svendborg Danish for Svendborg Steamship Company was founded in Svendborg in April 1904 by captain Peter Maersk Moller 1836 1927 and his son Arnold Peter A P Moller 1876 1965 A P Moller had four children all by his first wife Chastine Estelle Roberta Mc Kinney Their second child was Arnold Maersk Mc Kinney Moller 1913 2012 who became a partner in 1939 and head of the firm upon his father s death In 1993 he was succeeded as CEO by Jess Soderberg He continued as chairman until December 2003 at which point he was 90 years of age and Michael Pram Rasmussen took over Maersk Mc Kinney Moller was until his death one of the managing owners of the company and was chairman of Odense Steel Shipyard until 2 May 2006 14 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 15 In 2017 the company was one of the main victims of the NotPetya ransom malware attack which severely disrupted its operation for several months 16 In 2021 the company bought 8 carbon neutral ships for 1bn 17 18 19 In August 2021 Maersk joined the BEC Low Carbon Charter 20 21 Emblem Edit The SS Laura in 1886 in Svendborg Denmark P M Moller 1836 1927 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 Moller 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 gray and cloudy sky it would mean that the Lord answers prayers The same star later became the emblem of the Maersk Group 22 A P Moller Maersk is structured into two main business segments transport amp logistics and energy 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 14 23 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 24 For the first since 1996 Maersk has been overtaken by MSC which has become the container line with largest shipping capacity 25 Transport and logistics EditMaersk Edit Maersk Kalamata in Seattle harbor Eleonora Maersk one of the E class vessels Main article Maersk Line The largest operating unit in A P Moller Maersk by revenue and staff around 25 000 employees in 2012 26 is Maersk Line In 2013 the company described itself as the world s largest overseas cargo carrier and operated over 600 vessels with 3 8 million 27 twenty foot equivalent unit TEU container capacity As of January 2021 as the largest container fleet it held 17 of the global TEU 28 In 2006 the largest container ship in the world to that date the E class vessel Emma Maersk was delivered to Maersk Line from Odense Steel Shipyard 29 Since seven other sister ships have since been built and on 21 February 2011 Maersk ordered ten even larger container ships from Daewoo the Triple E class each with a capacity of 18 000 containers The first were delivered in 2013 30 There was an option for 10 20 more 31 32 33 and in June 2011 Maersk placed a follow on order for a second batch of ten sister ships to the same design with the same shipyard but cancelled its option for a third batch of ten As of February 2010 Maersk had an order book for new ships totalling 857000TEU including options on the Triple E class that backlog is larger than the existing fleet of the fourth largest line Evergreen Line 25 Maersk Line cooperated with the United States Navy on testing 7 100 algae biofuel on the Maersk Kalmar in December 2011 34 35 In January 2012 Soren Skou took over as CEO of Maersk Line from Eivind Kolding 36 37 Later that year the company ceased its business in Iran in order to prevent potential damage to the company s business with Western countries particularly the US due to the sanctions regime led by those countries 38 39 On December 12 2022 Vincent Clerc was appointed CEO of Maersk and will take up his duties on January 1 2023 40 APM Terminals Edit Main article APM Terminals APM Terminals at Portsmouth Virginia United States A P Moller Maersk s independent APM Terminals business unit with its separate headquarters in The Hague Netherlands operates a Global Port Terminal and Inland Services Network with interests in 57 ports and container terminals in 36 countries on five continents as well as 155 Inland Services operations in 48 countries Port and Terminal Operations include Europe Algeciras Aarhus Barcelona Bremerhaven Gothenburg Port of Poti Rotterdam Maasvlakte Rotterdam Maasvlakte 2 Wilhelmshaven JadeWeserPort Valencia Gijon Zeebrugge Vado Ligure Reefer Terminal and Vado Gateway North America Los Angeles Miami Mobile Port Elizabeth and Tacoma Latin America Buenos Aires Buenaventura Colombia Cartagena Itajai Pecem Callao Santos Lazaro Cardenas Puerto Quetzal Yucatan and Limon Costa Rica Middle East Aqaba Haifa Bahrain Salalah Port Said and Jebel Ali Asia Cai Mep Colombo Dalian Guangzhou Kobe Laem Chabang Karachi Pipavav Qingdao Tanjung Pelepas Tianjin Shanghai Xiamen Yokohama India and Singapore Africa Abidjan Apapa Cotonou Douala Luanda Monrovia Onne Pointe Noire Port Elizabeth Tangier and Tema New projects under construction Savona and Tema Maersk Container Industry Edit Svitzer Bootle assisting Maersk Newcastle on the River Thames Maersk Container Industry A S Container manufacturing with factories in China Dongguan and Qingdao and headquarters in Denmark Tinglev 14 Container Inland Services Includes depots equipment repair trucking container sales and related activity 14 Svitzer Edit Svitzer was founded as a salvage client in 1833 before entering the towing business in 1870 Svitzer become majority owned by Maersk in 1979 41 42 Svitzer has continued to grow including through purchasing the tugboat operations of Adsteam 43 and it now has a fleet of over 400 tugs line handlers and other vessels The company provides harbour and terminal towage services in over 100 ports and 20 oil and gas terminals across the globe 44 As of January 2022 Svitzer operates a fleet of 110 vessels in seven ports and 11 terminals across 12 countries in Svitzer operates in the Africa Middle East amp Asia region 45 46 Damco Edit Damco was the combined brand of the Maersk Group s logistics activities previously known as Maersk Logistics and Damco 24 As of 2008 Damco had 10 800 employees in offices in more than 93 countries 24 and was involved in supply chain management and freight forwarding all over the world In September 2019 Maersk announced that they would dissolve the Damco brand and integrate their remaining activities after initially merging Maersk Line and Damco at the beginning of 2019 at which time the freight forwarding business of Damco stayed separate 47 The dissolving of the Damco brand was completed by the end of 2020 48 Energy EditMaersk Oil Edit Main article Maersk Oil Maersk Oil Danish Maersk Olie og Gas A S was established in 1962 49 when Maersk was awarded a concession for oil and gas exploration and production in the Danish sector of the North Sea Maersk Oil is engaged in the exploration for and production of oil and gas in many parts of the world Total oil production is more than 600 000 barrels per day 95 000 m d and gas production is up to some 1 billion cubic feet 28 000 000 m 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 Dutch 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 developed production techniques especially suited to difficult environments The North Sea etc and for drilling techniques that extract oil from problematic underground conditions Oil and gas activities provided A P Moller Maersk with 22 of its revenue and 68 of its profit in 2008 24 On 21 August 2017 A P Moller Maersk A S announced the signing of an agreement to sell Maersk Olie og Gas A S to Total S A for US 7 45 billion in a combined share and debt transaction 50 The transaction was subject to regulatory and competition approval and was closed on 8 March 2018 51 when Maersk Oil became a part of Total Maersk Drilling Edit Main article Maersk Drilling Maersk Drilling supports global oil and gas production by providing high efficiency drilling services to oil companies around the world 52 The company owns 24 rigs and its fleet consists of six Ultra Harsh jack ups four XL Enhanced jack ups including one new build which is set for delivery in late 2016 four Harsh jack ups two Premium jack up four semi submersibles and four Ultra deepwater drillships 52 Maersk Drilling is among others a market leader in the Norwegian jack up market with a market share of 7 out of 12 rig As of 2016 update Maersk Supply Service Edit Maersk Supply Service provides anchor handling towage of drilling rigs and platforms as well as supply service to the offshore industry By 2021 the fleet consists of 41 vessels including anchor handling tug supply vessels AHTS subsea support vessels SSV and platform supply vessels PSV 53 Other EditMaersk Line Limited Edit Maersk Line Limited MLL is a US based subsidiary of A P Moller Maersk Group which owns and operates a fleet of US flag vessels providing the U S Federal Government and their contractors with multimodal transportation and logistics services A Virginia based organization MLL manages the world s largest fleet of internationally trading US flagged vessels Maersk Line has been involved in Department of Justice Investigations and paid fines in 2012 54 MCC transport Edit MCC Transport hosts containerized cargo services in the Intra Asia market The company was later renamed Sealand Asia Safmarine Nokwanda Seago Line Edit Seago Line is a subsidiary shipping line which serves ports in the Mediterranean region 55 The company is now Sealand Europe and Mediterranean Safmarine Edit Safmarine is an independently operated shipping company in the A P Moller Maersk Group with roots in Africa It operates a fleet of more than 40 container vessels and more than 20 multi purpose vessels MPVs 56 The company has five container vessels and four MPVs on order for delivery in 2009 2011 needs update 57 In September 2020 it was announced that the Safmarine brand will be integrated into Maersk 58 Sealand Edit SeaLand branded Sealand A Maersk Company is an American regional maritime and logistics operator It has been part of A P Moller Maersk since 1999 59 60 61 The Sealand name was phased out in 2009 62 but revived as a separate brand in 2014 63 After focussing on intermodal services between North Central and South America in 2018 it was merged with other Maersk intra regional brands MCC Transport and Seago Lines to cover European Mediterranean and Intra Asian markets 64 65 Maersk Global Service Center Edit Maersk GSC operates shared service centres that handle back office off shore activities for AP Moller Maersk Group GSCs are located in Chennai Mumbai Pune Bengaluru Chengdu and Metro Manila Tankers offshore and other shipping activities Edit Tankers offshore and other shipping activities was responsible for 8 8 of Maersk s revenue in 2008 and posted 25 of the group s profit for this period The business segment comprises Maersk Tankers it s technical management business sold to Synergy Marine Group in 2021 66 Maersk Supply Service Maersk Drilling Maersk FPSOs Maersk LNG and Svitzer 24 South American Alianca Edit Brazilian coaster container ship subsidiary with eight ships 67 68 Ardent EditArdent Salvage a joint operating salvage company formed after the merger between Maersk operated Svitzer and Crowley operated TITAN Salvage is involved in towage salvage wreck removal marine firefighting and other offshore support and is represented in more than 100 ports worldwide Ardent is based in Houston Texas 69 Bust in Copenhagen KGH Edit Acquired in 2020 KGH is a European provider of customs and trade solutions including customs broker services and software applications development Retail activity Edit Main article Dansk Supermarked A S The company formerly owned a stake in Dansk Supermarked Group which operates stores under the brands Bilka hypermarket Fotex supermarket department store Salling department store and Netto discount supermarket 24 Maersk Training Edit Maersk Training provides specialist training to specific industries The 2010 merger of Maersk Training Centre and Svitzer Safety Services broadened a portfolio of courses to include the maritime oil and gas terminals and wind power industries With Headquarters in Svendborg the MT Group global locations include Aberdeen and Newcastle in the UK Esbjerg in Denmark Stavanger in Norway Rio de Janeiro in Brazil Chennai amp Mumbai in India Kuala Lampur in Malaysia 70 New centres include Houston United States and Dubai United Arab Emirates which is also the Middle Eastern hub Star Air Edit Star Air operates 11 leased Boeing 767 cargo aircraft primarily engaged in long term contract flying for United Parcel Service UPS in Europe 24 The Maersk corporate aircraft a Gulfstream 450 is also operated by Star Air European Rail Shuttle B V Edit Main article European Rail Shuttle B V In August 2013 Freightliner Group announce the acquisition of leading European intermodal rail operator and railway undertaking ERS Railways B V from Maersk Line ERS Railways B V is a railway transport company headquartered in Rotterdam providing cargo transport mostly ISO shipping containers World Robot Olympiad Edit Main article World Robot Olympiad World Robot Olympiad is a robotic competition headquartered in Singapore Maersk Oil is currently a Gold sponsor of this event Maersk Mc Kinney Moller Center for Zero Carbon Shipping Edit A group of leading industry players are taking the next step to develop new fuel types and technologies by launching the Maersk Mc Kinney Moller Center for Zero Carbon Shipping 71 Maersk and Danish climate targets Edit In the total count the weight of A P Moller Maersk is extraordinarily heavy as the shipping company accounts for over 80 of the danish top 30 companies emissions of carbon dioxide from operations and in the overall calculation the CO2 reductions in many of the other companies are therefore balanced by the fact that Maersk has increased emissions by 2 since 2019 with a total of 37 million tonnes in 2021 but presented plans to be CO2 neutral as early as 2040 72 Since the Danish climate targets of a 70 percent CO2 reduction in 2030 are territorial based emissions from foreign shipping and aviation from Danish ports and airports and internationally are not counted as the responsibility lies with the UN s organizations for aviation ICAO and shipping IMO therefore the Maersk fleet is not obliged to make reductions 73 but instead pay through slightly higher taxes from the emissions to a fund based on taxes from the fleets use of bunker fuel which will be able to compensate and finance climate measures a concept developed by the Ministry of Climate and the Danish Maritime Authority 74 75 76 In 2008 it was calculated by the DK Group that the Maersk fleet together released just over one million tonnes of sulfur dioxide SO2 per year from the fleets use of bunker fuel and at the time until 2014 when China Shipping Lanes took over by one meter and 20 percent less fuel emissions 77 the world s largest container ship Emma Maersk emits SO2 equivalent to 50 million cars 78 These are figures that are publicly available But they have probably not really come to light because shipping has been totally unregulated But when the biggest ships sail out you have to imagine that 50 million cars will follow says Jorn Winkler founder of DK Group For example there are filters that remove virtually all sulfur dioxide and nitrogen but the price of a filter for a large container ship is DKK 25 million By comparison Maersk uses approximately DKK 46 billion worth of fuel per year expenses deducted as a cost in company tax calculations and In the past 20 years it has been possible to remove the particles from the ships exhaust fumes but the will to do something is lacking says Jorn Winkler in 2008 78 The Danish Ministry of the Environment has in 2009 initiated an action plan where the requirement is that SOx and NOx must be reduced using desulfurization plants the so called scrubbers to built into the ships chimney systems 79 As shipping companies in Denmark have a special tax scheme tonnage tax which has been in force since 2001 to keep the shipping companies on Danish soil Tonnage tax means that shipping companies pay a fixed tax or charge per ship and the amount is thus not affected by the company s profit With the tonnage tax the shipping companies avoid the classic corporation tax of 22 percent which other companies have to pay The tax scheme means that in 2021 Maersk paid around 4 of a record breaking earnings of about 16 08 billion USD 117 5 billion Danish kroner before tax 80 and expected to be DKK 270 billion in 2022 81 82 This compared to a deficit of DKK 3 billion in the company s accounts for the first half of 2009 The first deficit in the group s history since World War II 83 with an expected deficit for the whole of 2009 of DKK 10 7 billion 84 85 Piracy Edit Maersk Alabama as seen from a P 3C Orion Aircraft during its 2009 hijacking Main article Maersk Alabama hijacking On the morning of 8 April 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 US flagged vessel had 20 US nationals on board This was the first time that the US 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 On 12 April 2009 it was confirmed that the captain held hostage was freed by the US Navy whose SEAL sharpshooters killed three of the pirates A fourth pirate surrendered earlier due to a medical injury These events were subsequently dramatized in the 2013 film Captain Phillips directed by Paul Greengrass starring Tom Hanks in the titular role Maersk Line estimated that piracy costs the company 100 million per year due to longer routes and higher speed particularly near East Africa 86 As of 2010 all 83 Maersk tankers were diverting around the Cape of Good Hope south of Africa instead of going through the Suez Canal 87 although Maersk Mc Kinney Moller the first of the Triple E class vessels successfully navigated the Suez during her maiden voyage Criticism EditLabor practices in El Salvador and China Edit Trade unions and labor rights organizations have criticized Maersk s labor practices in different parts of the world In El Salvador Maersk has been accused of maintaining abusive conditions for port drivers Charges include excessively long shifts minimal wages and the repression of freedom of association by running union busting campaigns including firing and blacklisting at least 100 drivers in 2001 88 89 Globalization Monitor a labor rights group based in Hong Kong has reported poor labor conditions in Maersk facilities in Dongguan and Qingdao China In January and May 2008 respectively two riots reportedly broke out amongst workers at the Maersk plant in Dongguan in protest of poor working conditions and employment terms In April 2011 Globalization Monitor stated Maersk s plants in China are still far from satisfactory as long as labor and human rights are concerned 90 This although Danish news articles already in November 2009 brought results from a report made by an external work environment consultant Crecea which stated that the environment on the Maersk factory in Dongguan was above average in China 91 Overcharging allegations of US Government in Iraq and Afghanistan Edit In response to a complaint from whistleblower Jerry H Brown II the US Government filed suit against Maersk for overcharging for shipments to US forces fighting in Iraq and Afghanistan In a settlement announced on 3 January 2012 the company agreed to pay 31 9 million in fines and interest but made no admission of wrongdoing Brown was entitled to 3 6 million of the settlement 92 Violation of embargo on Sudan Edit In August 2010 the US government fined Maersk 3 1 million for violating its embargo on Sudan Maersk had a waiver from the US government to deliver US Food Aid into Sudan so the US flagged ship was in Port Sudan to deliver humanitarian aid a U S government spokesman said but the booking systems did not identify cargo that was coming on and off the ship and that could be of violation of the embargo The US government imposed a trade embargo on Sudan in 1997 due to human rights violations linked to the civil war between the north and south of the African country and also because of the regime s alleged support of international terrorist groups 93 Business with Iran Edit In July 2010 the advocacy group originally highlighted Maersk s ties to a blacklisted Iranian company Tidewater Middle East Co The firm suspended operations at several Iranian ports owned by Tidewater Middle East Co Maersk operates in other Bangladeshi ports and also diverted shipments to Dubai partnering with other Bangladeshi companies that are not bound by U S sanctions 94 95 On 28 April 2015 the Marshall Islands flagged container ship Maersk Tigris which was not owned by Maersk 96 was travelling westbound through the Strait of Hormuz Iranian Revolutionary Guard naval patrol boats contacted the ship and directed it to proceed into Iranian territorial waters according to a spokesman for the US Defense Department When the ship s master declined one of the Iranian craft fired shots across the bridge of Maersk Tigris The master complied and proceeded into Iranian waters near Larak Island The US Navy sent aircraft and a destroyer USS Farragut to monitor the situation 97 Maersk stated they have agreed to pay an Iranian company 163 000 over a dispute about ten container boxes transported to Dubai in 2005 The court ruling allegedly ordered a fine of 3 6 million 98 Regulation violations and contract fraud Edit In October 2010 Maersk plead guilty to 8 counts of failing to provide adequate hours of rest and 1 count of failing to improve the situation 99 100 In February 2014 Maersk paid 8 7 million to settle allegations that it Maersk had forged documents on a contract to ship cargo to Afghanistan The government says they uncovered 277 instances in which claims verifying receipt of shipments in Afghanistan contained forged signatures The settlement included no admission of guilt 101 Sexual harassment suspensions and lawsuits Edit In May 2021 a Maersk officer s license was suspended after he was accused of sexual assault including abusive unwanted and inappropriate touching in violation of Maersk anti harassment policy 102 On 12 October 2021 Maersk suspended five employees for their involvement in the rape of a 19 year old girl 103 104 In June 2022 Hope Hicks formerly known as Midshipman X filed a lawsuit against Maersk alleging that the company failed to protect her from rampant sexual abuse 105 In the same month a second US Merchant Marine Academy USMMA student under the alias Midshipman Y filed a suit against Maersk also alleging that the company did not protect her from sexual abuse and violence 106 Pollution from fuels Edit In 2009 it was estimated that the Maersk fleet s use of bunker fuel released sulphur dioxide and nitrogen oxides into the atmosphere corresponding to the emissions from 9 billion cars with resultant serious health environmental and climate change impacts related 79 107 108 The health problem with bunker fuel heavy fuel oil a type of oil used in 80 percent of the world s merchant ships in 2008 with a total consumption of 290 million tons per year is that it has a very high sulfur content which smokes directly from the chimney after which it spreads and can make people sick or even be lethal says Jorgen Brandt who is a senior researcher at the Department of Atmospheric Environment at Aarhus University Maersk is aware of the extent of the problem Ivan Seistrup group vice president in A P Moller Maersk stated in 2009 Among other things we have entered into close cooperation with Boeing on the development of biofuel for the shipping industry which will constitute a technological quantum leap One solution could be to sail on clean biofuel in coastal areas and then use bunker fuel in the open sea where it does no harm 79 107 NotPetya malware attack EditOn 27 June 2017 Maersk IT systems were the victim of a malware attack utilizing NotPetya which was designed to appear to be a ransomware attack 109 The cyberattack was perpetrated by the Russian military cyberorganization the GRU and designed to attack Ukraine but in fact almost destroyed Maersk Shipping the largest shipper of containers in the world Wired magazine described the malware attack as the Most Devastating Cyberattack in History 110 In March 2020 Maersk revealed they would be terminating the employment and outsourcing the work of the UK based IT team that helped them successfully fend off and recover from the ransomware attack that shut down operations 111 See also Edit Denmark portal Transport portal Companies portalTop container shipping companies List of petroleum companiesReferences EditCitations Edit OMX Copenhagen 25 OMXC25CAP PDF Nasdaq OMX Archived from the original PDF on 13 March 2022 a b c MAERSKB Copenhagen Stock Quote AP Moller Maersk A S Bloomberg com Annual Report 2020 A P Moller Maersk A S a b Maersk Annual Report 2021 Maersk Wells John C 2008 Longman Pronunciation Dictionary 3rd ed Longman ISBN 978 1 4058 8118 0 Maersk lifts outlook as supply chain disruptions push up shipping rates Reuters 2021 08 02 Retrieved 2021 09 01 Rivero Nicolas 6 January 2022 Maersk is no longer the world s largest shipping line Quartz Holt Greg 5 January 2022 MSC tops Maersk to become world s largest container shipping line Alphaliner S amp P Global Commodity Insights Maersk s methanol mission a greener future for shipping www ship technology com 24 August 2021 Retrieved 2021 09 01 Shipping group Maersk continues shopping spree after strong earnings Reuters 2021 08 06 Retrieved 2021 09 01 Shipping Giant Maersk to Split into Two Divisions The Wall Street Journal Maersk Market Cap Forbes Forbes Global 2000 Forbes Retrieved 31 October 2020 a b c d A P Moller Maersk website Maersk com Archived from the original on 2007 10 24 Retrieved 2007 12 04 history timeline Maersk Retrieved 2022 08 20 Greenberg Andy 22 August 2018 The Untold Story of NotPetya the Most Devastating Cyberattack in History Wired Retrieved 1 September 2018 Shipping firm Maersk spends 1bn on carbon neutral container ships The Guardian 2021 08 24 Retrieved 2021 09 01 Shipping giant Maersk orders 8 carbon neutral vessels Greenbiz www businessgreen com 26 August 2021 Retrieved 2021 09 01 Maersk s Green Shipping Plan Runs Up Against Scarce Cooking Oil Transport Topics 2021 08 09 Retrieved 2021 09 01 Ship bunker com Maersk Joins BEC Low Carbon Charter Ship amp Bunker Retrieved 2021 09 01 Maersk ups the ante in maritime climate change debate The Loadstar 2021 08 27 Retrieved 2021 09 01 Ellemose Soren 2008 Chapter 1 Hr Moller Hr Moller arets gang i A P Moller Maersk documentas pp 22 23 ISBN 978 87 7063 054 2 Top 10 Container Shipping Companies in the World www industrialmarinepower com a b c d e f g Annual Report 2008 PDF shareholders maersk com Retrieved 2009 07 20 a b Volume 2011 Issue 8 PDF Alphaliner Weekly Newsletter Archived from the original PDF on 7 July 2011 Retrieved 27 February 2011 Company Facts and Information A P Moller Maersk Group A S Archived from the original on 8 February 2013 Retrieved 10 January 2013 Maersk Line About Us A P Moller Maersk A S Archived from the original on 3 February 2013 Retrieved 10 January 2013 Alphaliner TOP 100 25 January 2021 Retrieved 25 January 2021 Maersk Line maerskline com Archived from the original on 2008 09 07 Retrieved 2009 07 20 Third Triple E the MARY MAERSK Delivered Shipbuilding Tribune 20 September 2013 Archived from the original on 2013 09 24 Retrieved 25 January 2021 Maersk orders up to 30 of biggest container ships on trade BusinessWeek 21 February 2011 Archived from the original on 28 June 2011 Retrieved 21 February 2011 Official website of Maersk Triple E Maersk 2013 Archived from the original on 18 July 2011 Retrieved 1 June 2013 Maersk Line Your promise Delivered 3 March 2013 Archived from the original on 14 July 2011 Retrieved 14 December 2016 Maersk and the Navy Join Hands for Biofuels Testing Oil Algae 13 December 2011 Retrieved 25 January 2021 Geiver Luke 21 November 2011 U S Navy Biofuel Trials Go High Tech BioRefining Magazine Archived from the original on 7 April 2012 Retrieved 25 January 2021 Schwartzkopf Frances 19 December 2011 Danske Bank Names Chairman Kolding CEO as Straarup Retires bloomberg com Retrieved 25 January 2021 Announcement December 19 2011 Soren Skou will take up the position as CEO of Maersk Line PDF Archived from the original PDF on August 1 2013 Retrieved December 21 2011 Top shipping line Maersk says halts Iran service Archived from the original on 2020 09 16 Retrieved 2017 01 09 Service Locator APM Terminals apmterminals com Retrieved 25 January 2021 The Board of Directors of A P Moller Maersk A S announces planned CEO transition www maersk com 2022 12 12 Big wins towage provider Svitzer Australia awarded two major contracts Shipping Australia 2021 09 24 Retrieved 2022 01 27 About us Svitzer Retrieved 2022 01 27 Hopkins Philip 2006 07 04 Adsteam shares make waves after great Dane s 693m takeover bid The Age Retrieved 2022 01 27 Svitzer Retrieved 25 January 2021 Svitzer to keep servicing Suez Canal with two new tugs Offshore Energy 2022 01 25 Retrieved 2022 01 27 Svitzer AMEA extends contract with Suez Canal Authority two additional tugs to join the existing fleet Svitzer 2022 01 24 Retrieved 2022 01 27 Maersk s latest reshuffle dissolves Damco integrates air and LCL Supply Chain Dive Retrieved 2022 02 10 Damco is gone Where do Maersk freight forwarders and shippers go from here Supply Chain Dive Retrieved 2022 02 10 Maersk Oil Reports Fire at its Platform Offshore Qatar Offshore Energy 21 April 2011 retrieved 25 January 2021 Total S A to acquire Maersk Olie og Gas A S Maersk 21 August 2017 A P Moller Maersk has today completed the sale of Maersk Oil to Total Maersk 8 March 2018 a b Images Vessel maerskdrilling com Retrieved 14 December 2016 Fleet maersksupplyservice com Retrieved 25 January 2021 Maersk Line to Pay Us 31 9 Million to Resolve False Claims Allegations for Inflated Shipping Costs to Military in Afghanistan and Iraq United States Department of Justice 3 January 2012 Retrieved 23 June 2021 Seago Line Seago Line A S Retrieved 10 January 2013 A P Moller Maersk A S annual report 2008 Maersk Tanker s Maersk Retrieved 25 January 2021 A P Moller Maersk announces changes in Ocean amp Logistics to enhance customer experience Maersk 1 September 2020 Retrieved 19 May 2021 Brennan Terry 22 July 1999 Finally a Deal Moller Buys International Liner Services Journal of Commerce Retrieved 20 June 2022 Maersk Sealand ready to operate The Namibian 16 December 1999 Wastler Allen 22 July 1999 CSX sells shipping unit to Maersk CNN Money Container ships Maersk to revive Sealand name Ships Monthly 27 February 2014 Berman Jeff 9 January 2014 Maersk to bring back SeaLand brand for new intra Americas service Logistics Management van Marle Gavin 21 September 2018 Maersk confirms merger of MCC Transport Seago and Sealand The Loadstar Maersk announces a new brand themeditelegraph com in Italian 24 September 2018 Maersk Tankers to sell its technical management business to Synergy www ship technology com 24 September 2021 Retrieved 2021 10 26 Alianca Careers Alianca Our fleet Barnard Bruce 21 April 2015 Maersk Crowley merge salvage businesses into Houston based group joc com Retrieved 25 January 2021 Maersk Training Group Worldwide Offshore Maritime Oil amp Gas Training edumaritime net 23 November 2017 Retrieved 25 January 2021 Maersk leads the way for zero carbon shipping Global Cargo News 29 June 2020 Archived from the original on 29 June 2020 Retrieved 29 June 2020 Martini Jakob Raastrup Nicolai 2022 08 02 Mens Europa braender tager danske erhvervskaemper et vigtigt skridt i klimakampen Finans in Danish Retrieved 2022 09 16 Klimaradet dumper regeringens klimaindsats Igen Information in Danish 2022 02 25 Retrieved 2022 09 13 maj 2009 Lordag d 16 maj 2009 kl 07 00 Del denne artikel Del denne artikel Opdateret fredag d 15 Kl 20 01 2009 05 16 Rederier accepterer afgift pa beskidt braendstof Berlingske dk in Danish Retrieved 2022 09 13 International Civil Aviation Organization ICAO Sustainable Development Knowledge Platform sustainabledevelopment un org Retrieved 2022 09 13 International Maritime Organization www ungm org Retrieved 2022 09 13 Kolby Mads 2014 09 18 Maersk slaet Verdens storste skib er nu kinesisk stiften dk in Danish Retrieved 2022 09 14 a b Djursing 20 Af Thomas 2008 02 07 Maersk udleder lige sa meget svovldioxid som ni milliarder biler Ingenioren in Danish Retrieved 2022 09 13 a b c maj 2009 Lordag d 16 maj 2009 kl 06 30 Del denne artikel Del denne artikel Opdateret fredag d 15 Kl 20 01 2009 05 16 Maersk skibe forurener som ni milliarder biler Berlingske dk in Danish Retrieved 2022 09 11 september 2022 Lordag d 03 artikel kl 05 32 Del denne artikel Del denne 2022 09 03 SF vil palaegge Maersk en saerskat og uddele storre skattefri check Berlingske dk in Danish Retrieved 2022 09 13 Politik Ritzau 2022 09 03 SF vil palaegge Maersk en saerskat og uddele storre skattefri check www nordjyske dk in Danish Retrieved 2022 09 17 Vil aendre reglerne Maersk skovler milliarder ind men slipper med minimal skat Fagbladet 3F in Danish 2022 08 04 Retrieved 2022 09 17 Jyske Bank Maersks forventninger er skuffende in Danish retrieved 2022 09 16 Elendigt Maersk regnskab truer TV 2 nyheder tv2 dk in Danish 2009 08 21 Retrieved 2022 09 16 Moller A P 2009 Arsrapport 2009 A P Moller Pirater koster arligt Maersk en halv milliard Pirates cost Maersk half a billion Maritime Denmark in Danish 22 February 2011 Retrieved 25 January 2021 Bowden Anna Hurlbut Kaija Aloyo Eamon Marts Charles Lee Andrew December 2010 The Economic Cost of Maritime Piracy PDF One Earth Future p 11 Archived from the original PDF on 29 June 2012 Retrieved 25 January 2021 Maersk Drivers Face Repression and Abuse in El Salvador Institute for Global Labour amp Human Rights 1 November 2004 Archived from the original on 12 August 2011 Retrieved 1 July 2011 David Bacon 4 January 2005 Who Murdered Gilberto Soto The American Prospect Archived from the original on 1 October 2011 Retrieved 1 July 2011 A Follow Up Investigation on Maersk Qingdao and Dongguan PDF Globalization Monitor 15 April 2011 Archived from the original PDF on 3 October 2018 Retrieved 1 July 2011 Maersk rydder op i arbejdsmiljoet i Kina Politiken 18 November 2009 Archived from the original on 12 July 2012 Retrieved 25 January 2021 Egelko Bob 4 January 2012 31 9 Million Settlement in Shipping Suit San Francisco Chronicle p D1 Retrieved 25 January 2021 Danish Maersk pays US for breaching Iran Sudan embargoes AFP 2 August 2010 Archived from the original on 28 May 2012 Retrieved 25 January 2021 Berger Judson 30 July 2010 Firms Contracting With U S Government Flout Iran Sanctions Law Watchdog Says Fox News Retrieved 25 January 2021 Shipping Firm Maersk Suspends Business With Iranian Ports in Wake of Sanctions Fox News 1 July 2010 Retrieved 25 January 2021 Iran embassy says Maersk vessel to be freed after debts settled Reuters 30 April 2015 Archived from the original on 25 September 2015 Retrieved 1 July 2017 First on CNN U S flagged ship intercepted by Iranian patrol CNN 29 April 2015 Retrieved 25 January 2021 Maersk insists on release of ship and crew seized by Iran Reuters 30 April 2015 Archived from the original on 16 October 2015 Retrieved 1 July 2017 Maersk pleaded guilty to violating rest regulations Offshore Energy 2010 10 27 Retrieved 2022 04 12 Maersk pleaded guilty to violating rest regulations www seanews com tr Retrieved 2022 04 12 Maersk Settles Alleged Contract Fraud for 8 7M Project On Government Oversight Retrieved 2022 04 12 Maersk Officer has License Suspended for Misconduct to Cadet at Sea The Maritime Executive Retrieved 2022 06 06 Maersk suspends five crew members as it investigates alleged sexual assault Reuters 2021 10 12 Retrieved 2022 06 06 Hicken Blake Ellis Melanie 2021 10 12 I was trapped Shipping giant investigates alleged rape of 19 year old during federal training program CNN Business CNN Retrieved 2022 06 06 Jankowicz Mia A merchant navy cadet is suing Maersk saying the company failed to protect her from rape and sexual harassment on board one of its ships Business Insider Retrieved 2022 06 22 Coyne m coyne Matt 2022 06 16 Second USMMA student files lawsuit against Maersk unit over sexual harassment TradeWinds TradeWinds Latest shipping and maritime news Retrieved 2022 06 22 a b Durwood Zaelke Institute for Governance amp Sustainable Development December 2008 Reducing Black Carbon May Be the Fastest Strategy for Slowing Climate Change PDF Influence of emissions climate and the stratosphere on tropospheric ozone GOV UK Environment Agency 1 September 2007 Cyberattack cost Maersk as much as 300 million and disrupted operations for 2 weeks Los Angeles Times 18 August 2017 Retrieved 2021 10 26 The Untold Story of NotPetya the Most Devastating Cyberattack in History Wired 22 August 2018 Retrieved 25 January 2021 Corfield Gareth 3 March 2020 Maersk prepares to lay off the Maidenhead staffers who rescued it from NotPetya super pwnage The Register Retrieved 25 January 2021 Sources Edit Lotte Folke Kaarsholm Cavling Prize recipient Charlotte Aagaard Information and Osama Al Habahbeh Al Jazeera in Denmark Iraqi Port Weathers Danish Storm Archived 2007 10 31 at the Wayback Machine CorpWatch 31 1 2006 Hahn Pedersen Morten 1999 A P Moller and the Danish Oil Albertslund Denmark Schultz Information ISBN 8760904658 Hornby Ove 1988 With constant care A P Moller Shipowner 1876 1965 Copenhagen J H Schultz Grafisk ISBN 9788756923583 Jensen Christian Kristiansen Tomas Nielsen Karl Erik 2000 Krigens kobmaend det hemmelige opgor med Riffelsyndikatet A P Moller Novo og den ovrige storindustri efter Anden verdenskrig The Merchants of War the secret showdown with Riffelsyndikatet AP Moller Novo and the other industrial giants after the Second World War in Danish 2nd ed Kobenhavn Gyldendal ISBN 8700469742 Lambek Bjorn Benson Peter Suppli Orskov Stig 2006 Maersk manden og magten Maersk the man and power in Danish Kobenhavn Politiken Boger ISBN 9788756774161 Larsen Thomas Mortensen Finn 2011 Maersk Mc kinney Moller The Danish Shipping Magnate a personal portrait in interviews Copenhagen Gyldendal Business ISBN 9788700788565 External links Edit Wikimedia Commons has media related to Maersk Official website Maersk companies grouped at OpenCorporates Maersk Line Limited Website of SVITZER A S Website of the shipping line Maersk Line Website of Maersk Mc Kinney Moller Bio Death Archived 2020 11 30 at the Wayback Machine Retrieved from https en wikipedia org w index php title Maersk amp oldid 1127416995, wikipedia, wiki, book, books, library,

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