June 22, 2017 9:59 PM ET

Marine

Company Overview of Maersk Line A/S

Company Overview

Maersk Line A/S is an international container shipping company that provides ocean transportation services in Denmark and internationally. The company ships verified gross mass, dry cargo, reefer cargo, and special cargo. It also provides inland transport, customer charter, and used container sales services. Maersk Line A/S has a strategic partnership with AkzoNobel. The company was founded in 1928 and is based in Aarhus, Denmark. Maersk Line A/S operates as a subsidiary of A.P. Møller - Mærsk A/S.

Hedeager 5

Aarhus N

Aarhus,  8200

Denmark

Founded in 1928

Phone:

45 89 34 80 00

Key Executives for Maersk Line A/S

Chief Executive Officer
Age: 52
Chief Financial Officer
Chief Operating Officer
Chief Strategy and Transformation Officer
Age: 48
Chief Commercial Officer
Compensation as of Fiscal Year 2016.

Maersk Line A/S Key Developments

Maersk Line To Sell Mercosul Line

Maersk Line A/S has decided to sell Mercosul Line Navegacao e Logistica Ltda. The sale is meant to reduce concentration in the Brazilian coasting sector and to increase the chances of approval being granted for the acquisition of Hamburg Süd, which owns Alianca in Brazil.

Akzonobel and Maersk Line Sign Strategic Sustainability Partnership to Reduce Carbon Emissions Per Container Shipped by 10%

AkzoNobel and Maersk Line have signed a strategic sustainability partnership to reduce carbon emissions per container shipped by 10%. The aim of the partnership which reflects the mutual ambition of both companies to jointly elevate sustainability in the maritime industry is to drive positive change in a number of areas, including: creating transparency on sustainable best practices in the supply chain, identifying ways to integrate sustainability into the customer-supplier relationship as a decision-making factor, reducing carbon emissions per container shipped by 10%. Both companies serve as customer and supplier for each other, which means the two parties enter into the partnership on equal terms.

Hamburg Süd Reportedly To Sell Shipping Line

Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG I seeking to sell its container shipping line, according to unconfirmed reports. China COSCO Shipping Corporation Limited and Maersk Line A/S are being touted as the most likely buyers. Mikkel Elbek Linnet, spokesperson of Maersk Line said, "We cannot comment on speculation." Also, Christiane Kramer, Hamburg Süd spokesperson said, "We don't comment on any market rumor."

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 13, 2017
Mercosul Line Navegação e Logística Ltda.
Merger/Acquisition
December 1, 2016
Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG
 

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