Maersk Line

Encyclopedia : M : MA : MAE : Maersk Line

P&O Nedlloyd Container Line Limited was a worldwide ocean-going container shipping line, headquartered in London and Rotterdam, and owned by A.P. Moller-Maersk Group (Maersk).

P&O Nedlloyd's Logo retained P&O's royal blue with Nedlloyd's trademark orange.

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. 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

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 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" .

Its business is a worldwide port-to-port, or door-to-door, service using an extensive global network in the industry. P&O Nedlloyd has over 70 established trade lanes and provides 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, form the base of its business.

With 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 (teu): 1 = a 20 ft container), P&O Nedlloyd was numerically speaking one of the largest companies in the industry.

Contents

1 Sea-Land Corporation
2 Company business
3 Subsidaries
4 External links

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.

Company business

Container Shipping
Logistics Services

Subsidaries

Maersk Logistics
Martinair (50% and KLM 50%)
China Shared Services Centre
India Shared Services Centre

External links

From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.