Company Overview of Maersk, Inc.
Maersk, Inc., doing business as Maersk Line, provides container shipping services in the United States and internationally. It offers dry cargo services; refrigerated shipping containers for transporting cargo requiring temperature-controlled conditions, such as vegetables, fruits, fish, protein, and other commodities; and special cargo services that are used for transporting heavy machinery, steel coils, engines, yachts, trucks, sculptures, and other oversized items. The company also provides customer advisory, inland and intermodal container transport, and customer charter services. In addition, it engages in the sale of used containers. The company was founded in 1943 and is based in Flor...
180 Park Avenue
PO Box 950
Florham Park, NJ 07932
Founded in 1943
Key Executives for Maersk, Inc.
Chief Executive Officer and Member of Management Board
Chief Financial Officer and Member of Management Board
Chief Operating Officer and Member of Management Board
Chief Executive Officer of Maersk Group
Compensation as of Fiscal Year 2016.
Maersk, Inc. Key Developments
Maersk Line Reports Earnings Results for the Second Quarter of 2016
Aug 12 16
Maersk Line reported earnings results for the second quarter of 2016. For the quarter, the company reported a loss of $151 million, $139 million underlying. That means that the result was $638 million worse than last year. Clearly, driven by prices. Prices were down 24%. And the fact that the company did well on costs, the company took the cost down 15%, did not mitigate the sharp drop in prices.
Maersk Line and Huawei Technologies Sign Carbon Reduction Agreement
Jul 20 16
Maersk Line and Chinese telecom solutions provider Huawei Technologies have signed a five-year carbon reduction pact. Under the agreement, the companies will integrate their sustainability commitments to reduce Huawei CO2 emissions per container transported with Maersk Line by 18% starting this year through 2020. The companies plan to develop an aligned implementation plan to operationalise the carbon pact, manage expectations, as well as track progress over time. The partnership enables transparency related to container transportation, ultimately moving the sustainability agenda forward in China. Maersk Line is also signing similar agreements with other selected Chinese strategic customers in a bid to leverage its investments in energy efficiency and carbon reductions. The agreements will also enable the company to further expand its business.
Maersk Lines Announces Earnings Results for the Year 2015; Provides Earnings Guidance for the Year 2016
Feb 11 16
Maersk Lines announced earnings results for the year 2015. For the period, the company's net profit was USD 1.3 billion which is 44% lower than 2014 (USD 2.3 billion) due to weak demand and very low freight rates. Revenue was USD 23.7 billion which is 13.2% lower than in 2014 (USD 27.4 billion).
The company expects a significantly lower underlying result for 2016 compared to 2015 (USD 1.3 billion).
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