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February 07, 2016 1:08 AM ET

Marine

Company Overview of Maersk, Inc.

Company Overview

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

Building 105

PO Box 950

Florham Park, NJ 07932

United States

Founded in 1943

Phone:

973-514-5000

Fax:

973-514-5410

Key Executives for Maersk, Inc.

Chief Executive Officer and Member of Management Board
Age: 51
Chief Finance Officer and Member of Management Board
Chief Operating Officer and Member of Management Board
Chief Executive Officer of Maersk Group
Age: 57
Compensation as of Fiscal Year 2015.

Maersk, Inc. Key Developments

MacGregor and Maersk Announce Cooperation to Develop the Next Generation Container Securing Systems

MacGregor and Maersk Line have agreed to cooperate on the development of the next generation of container securing systems.

Maersk Line Reports Earnings Results for the Third Quarter of 2015

Maersk Line reported earnings results for the third quarter of 2015. For the quarter, the company reported revenue of USD 6,018 million against USD 7,074 million a year ago. Profit was USD 264 million against USD 685 million a year ago. ROIC was 5.20% against 13.50% a year ago. The third quarter result is clearly less than satisfactory. This result is driven by much weaker than expected demand and low rates.

Maersk Line to Slash 4,000 Jobs

Maersk Line will cut 4,000 jobs by the end of 2017 and defer vessel investments to prop up its dominant position in a falling market.

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