Profits from the container shipping business tripled last year. Altogether Maersk has ships capable of lugging 2. Last year, the company implemented a new strategy for certain ships to travel slower through certain routes. Of course in Maersk is not expecting such vast gains, though it still expects global demand for container ship transport to grow by 4 or 5 percent. There are too many ships globally, which could be a problem. In , a record 3. Consequently, shipping companies were charging less of a premium for spaces on their vessels.
But oil prices and other costs continue to rise. In , the company estimates demand for container shipping will grow by 4 to 5 percent, while capacity will increase 9. The group said it would cut USD million in annual administrative expenses over two years. By far, it was the largest container ship in the world at the time.
Seven other ships have been built since then, and in , Maersk ordered 20 larger container ships from Daewoo, class Triple E, each with a capacity of 18, containers.
In , its ships emitted Maersk Line is best known for its worldwide coverage. In addition to its main shipping routes, the Asia-Europe and transatlantic routes, Maersk Line also offers extensive coverage between South America and Europe as well as to Africa. The company also pioneered Daily Maersk's innovative concept in , providing premium guaranteed service between Chinese supply ports and European base ports.
Despite commercial support, Maersk Line was forced to cut services due to oversupply [22] [23]. In addition to its main industries, Maersk Line also operates many commercial shipping routes across the continents. Retrieved September 25, 2. Flemming, Emily Hansen September 25, Wall Street Journal. Retrieved September 25, 3. Maersk Line. Retrieved September 25, 4. Retrieved September 25, 5.
Retrieved Oct. MacAlister, Terry The Guardian. Retrieved Mar. Archived from the original on Retrieved Jan. Urquhart, Donald. PDF document Kennedy, Frank.
Interview with CEO December New, optimized ships with higher capacity began to travel to the Far East. In the following years, nine container ships that could run between the USA and Asia were created.
Transporting goods to other countries increased the need to use the full container space and consolidate freight, thus opened branches in Taiwan, Hong Kong, and Singapore. Maersk Logistics continued its operations. In , container ships were sent from Europe to Asia, and to control the operations of the company, more agencies and branches were opened in countries previously serviced by external agents.
In , the first Triple-E class container ship was created. Triple-E ships are economical container ships that do not emit so much CO2 compared to other ships.
Currently, the company conducts logistics and forwarding activities under the following brands: Maersk Line, Damco, and Safmarine. Since the beginning of the company, Maersk has been guided by indigenous principles, thanks to which the company enjoys trust among its clients. These are:. Constant care — the company thinks for the future, plans, and implements.
It gathers information about the environment, looks for new ideas, and introduces interesting innovations. Humility — listening, learning, sharing, and space for others. The company shows confidence and delegates the rights. It maintains an attitude in which it continually receives an education. It never neglects competitors. Righteousness — the world is a bond that needs to be taken care of. Openness to what is good and what is bad.
Speaking at debates and supporting decisions is one of the main assumptions of the company. Employees — encouraging and mobilizing the right people and building the right team.
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