Maersk

A.P. Møller – Mærsk A/S (ˈɛˀ ˈphe̝ˀ mølɐˈmɛɐ̯sk), also known simply as Maersk (mɛərsk ), is a Danish shipping and logistics company founded in 1904 by Arnold Peter Møller and Peter Mærsk Møller. Maersk's business activities include shipping, port operation, supply chain management and warehousing. The company is based in Copenhagen, Denmark, with subsidiaries and offices across 130 countries and over 100,000 employees worldwide in 2022. It is a publicly traded family business, as the company is controlled by the namesake Møller family through holding companies. The company's 2022 annual revenue was US$81.5 billion. In the 2022 Forbes Global 2000, Møller-Maersk was ranked as the 161st largest public company in the world. Maersk has faced several challenges including the global economic downturn, a malware attack, and the impact of the COVID-19 pandemic on global trade. In recent years, Maersk has focused on sustainability, setting goals to reduce its carbon footprint and increase the use of renewable energy sources. History of Maersk Dampskibsselskabet Svendborg was founded in Svendborg in April 1904 by captain Peter Mærsk Møller (1836–1927) and his son Arnold Peter (A. P.) Møller (1876–1965). A. P. Møller had four children, all by his first wife Chastine Estelle Roberta Mc-Kinney. Their second child was (Arnold) Mærsk Mc-Kinney Møller (1913–2012), who became a partner in 1939 and head of the firm upon his father's death. In 1993, he was succeeded as CEO by Jess Søderberg. He continued as chairman until December 2003, at which point he was 90 years of age, and Michael Pram Rasmussen took over. Mærsk Mc-Kinney Møller was, until his death, one of the "managing owners" of the company and was chairman of Odense Steel Shipyard until 2 May 2006. A.P. Moller - Maersk announced its strategic choice to separate its oil and gas-related operations from the conglomerate structure and to concentrate only on container logistics in 2016. The majority shareholding in Maersk Tankers was sold to A.P. Moller Holding in 2017.