Maersk Line

Maersk Line

Type	Private
Industry	Container shipping
Founded	1928
Headquarters	Copenhagen, Denmark
Area served	Worldwide
Key people	Soren Skou (CEO)
Revenue	$31.18 billion (2015)
Owner	A.P. Moller-Maersk Group.
Number of employees	23,000 (2015)
Website	MaerskLine.com

Maersk Line is the global container division and the largest operating unit of the A.P. Moller – Maersk Group, a Danish business conglomerate. It is the world's largest container shipping company having customers through 374 offices in 116 countries. It employs approximately 7,000 sea farers and approximately 25,000 land-based people. Maersk Line operates over 600 vessels and has a capacity of 2.6 million TEU. The company founded in 1928.

At the beginning of the 1920s, A.P. Moller considered possibilities of going into liner trade business. The tramp trade, where vessels sailed from port to port depending on the demand, was expected to lose ground to liners in time. On 12 July 1928, the vessel LEISE MÆRSK left Baltimore on its first voyage from the American East Coast via the Panama Canal to the Far East and back. The cargo consisted of Ford car parts and other general cargo. This heralded the start of Maersk's shipping services. Maersk Line began to grow in 1946 after the Second World War by transporting goods between America and Europe before expanding services in 1950. On 26 April 1956, ocean-borne container transport was introduced with the shipment of a Sea-Land container aboard the SS Ideal X from Port Newark, New Jersey, to Houston, Texas. In 1967, Anglo carrier P&O was part of the first European initiative, a pooling of liner services from four companies, into the new company Overseas Containers Limited (OCL). Both Sea-land and P&O would later be taken over by Maersk Line as it expanded operations between 1999 and 2005.

In 1999, Maersk entered into an agreement on acquisition of Safmarine Container Lines (SCL) and its related liner activities from South African Marine Corporation Limited (Safmarine). At the time of acquisition, Safmarine Container Lines operated approximately 50 liner vessels and a fleet of about 80,000 containers. It covered a total of ten trades and fully complemented Maersk Line’s existing network. Safmarine Container Lines joined the A.P. Moller – Maersk Group as an independent unit with its own liner activities.

On 10 December 1999, the A.P. Moller Group acquired the international container business of SeaLand Service Inc. The business was integrated with the A.P. Moller Group companies and as part of the integration, Maersk Line changed its name to Maersk Sealand. The acquisition comprised 70 vessels, almost 200,000 containers as well as terminals, offices and agencies around the world.