MAERSK P&O BUY-OUT ACCEPTED
Danish shipping giant A.P. Moeller-Maersk's offer of 57 euros a share for
Rotterdam-based P&O Nedlloyd has been accepted by the P&O board, the first
step in finalizing a deal to buy out the entire share capital of P&O for 2.3
billion euros or $2.96 billion.

If approved by P&O shareholders and the necessary regulatory bodies, A.P.
Moeller's empire would boast nearly 70,000 employees, 550 vessels and
control over 17% of the global shipping market. The purchase would give
Moeller-Maersk more than twice the capacity of its next-biggest competitor.
Should everything fall in place without a hitch, the deal could be finalized
by August of this year.

Courtesy of the MEBA Dist. 1 newsletter, the Telex Times of 5-13-05.

Of course, this is the P&O that is only cargo and has nothing to do with the Passenger P&O.

Can you imagine 550 ships under one ownership?

These include some of the largest container ships in the world.

That beside P&O Nedlloyd have is one off the oldest shipping company's in the world. There history go all the way back to the 1850's.

I hope that Mearsk will retain the name and will keep the ships sailing under the Dutch and Brittish flag.

I have worked fore Nedlloyd at there head office in Rotterdam. This office at the river Maas (Boompjes quay) was loaded with models off former passenger liners and freighters. Oranje, Willem Ruys, Dempo, Hollandia etc. as passenger liner freak it was heaven fore me. specially whene i was invited by thene the maneger off the historic archife never forgat what i saw there frome china to towels frome furniture till paintings and much more. Happy that this archife is now at the Rotterdam maritime museum. So people cane see the tresures. I look back on a wonderfull 2 years with Nedlloyd.

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Originally posted by gpcruisedude:
I'm not too sure who the largest company is, but I could venture a guess with MSC! I know othe rcompanies that are probably quite a bit smaller like CP Ships or Canada Steamship Lines!

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Mearsk is the largest MSC is in the top 3 i believe.

MSC operates in excess of 255 container vessels.

So a merger of No1 & No3or4 surely creates something of a monopoly? It will be a 2:1 in both vessels and capacity of TEUs with MSC.

1. Maersk Sealand + Safmarine
Existing: 1,015,908 teu / 377 ships / 45% chartered
On Order: 477,020 teu / 86 ships

2. Mediterranean Shipping Company (MSC)
Existing: 637,358 teu / 245 ships / 32% chartered
On Order: 347,329 teu / 46 ships

3. Evergreen Group
Existing: 443,938 teu / 153 ships / 21% chartered
On Order: 209,788 teu / 36 ships

4. P&O Nedlloyd
Existing: 428,666 teu / 155 ships / 67% chartered
On Order: 197,551 teu / 40 ships

5. CMA CGM Group
Existing: 408,131 teu / 182 ships / 69% chartered
On Order: 223,444 teu / 45 ships

6. APL
Existing: 310,745 teu / 99 ships / 60% chartered
On Order: 62,378 teu / 12 ships

7. Hanjin / Senator
Existing: 283,664 teu / 77 ships / 73% chartered
On Order: 70,000 teu / 10 ships

8. NYK
Existing: 278,893 teu / 103 ships / 42% chartered
On Order: 114,654 teu / 17 ships

9. COSCO Container Line
Existing: 276,506 teu / 115 ships / 23% chartered
On Order: 122,027 teu / 20 ships

10. China Shipping CL (CSCL)
Existing: 253,999 teu / 105 ships / 55% chartered
On Order: 252,544 teu / 40 ships

Note:

Maersk Sealand + Safmarine includes Portlink and MCC.
P&O Nedlloyd includes Farrell Lines, Mercosul Line and P&O-Swire.
Evergreen Group includes Evergreen Marine Corporation, Hatsu Marine and Lloyd Triestino.
Hanjin includes Senator Linie.
CMA-CGM Group includes CMA CGM, ANL, Feeder Associate System, Cagema and MacAndrews.
NYK includes Tokyo Senpaku Kaisha (TSK).
China Shipping C.L. includes CSCL and Shanghai Puhai Shipping Co.

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Originally posted by Keitaro:
Interesting list there bulbousbow! I am surprised Safmarine is still around, but under Maersk. Out of the top 10 cargo(?) operators listed, four companies that used to offer passenger service still survived today! Safmarine -w/ Maersk, Lloyd Triestino -w/ Evergreen Group, APL, and CGT/CGM (?) w/ CMA-CGM Group

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For all intents and purpose Safmarine offered passenger services in name only. While they did own SA Oranje (ex-Pretoria Castle) and SA Vaal (ex-Transvaal Castle), the ships were managed, operated and crewed by Union Castle (their former owners). When Union Castle/Safmarine passenger mail service was discontinued in 1977, only SA Vaal was left and she was sold to Carnival to become Festivale. Safmarine's attempts to start a new passenger service in the 1980's with Astor (and her replacement Astor II) were a dismal failure.

Do you rank on:

TEU's available in the fleet?
TEU's actually carried with cargo?
Number of ships?
Number of ships owned?
Number of ships owned and/or chartered?
Total tonnage of vessels?
One company or a group under holding company?
Etc., etc., etc.

As long as I was in the industry there were claims of ranking and size based on anything that would make the sales and advertising departments happy and successful. One thing agreed on generally though was that A.P.Moller/Maersk was the biggest in almost all the categories.

When APL was purchased by Neptune Orient Lines of Singapore, the APL fleet went from 13 ships to the current number just because NOL changed the names of all of its container ships to "APL something" and put all of the container ships under the APL company. In Bulbousbow's list under APL I believe are all the APL and NOL ships, which include tankers, bulkers, etc.

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Originally posted by Brian_O:

For all intents and purpose Safmarine offered passenger services in name only. While they did own SA Oranje (ex-Pretoria Castle) and SA Vaal (ex-Transvaal Castle), the ships were managed, operated and crewed by Union Castle (their former owners). When Union Castle/Safmarine passenger mail service was discontinued in 1977, only SA Vaal was left and she was sold to Carnival to become Festivale. Safmarine's attempts to start a new passenger service in the 1980's with Astor (and her replacement Astor II) were a dismal failure.

Brian

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nevadaflip wrote:
In Bulbousbow's list under APL I believe are all the APL and NOL ships, which include tankers, bulkers, etc.

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The list is only of container ships.

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PamM wrote:
...OOCL? may be above P&O Nedlloyd?

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From that same list this is where OOCL is ranked:

11. OOCL
Existing: 218,140 teu / 65 ships / 40% chartered
On Order: 96,166 teu / 16 ships

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quote:

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Originally posted by Keitaro:
Interesting list there bulbousbow! I am surprised Safmarine is still around, but under Maersk. Out of the top 10 cargo(?) operators listed, four companies that used to offer passenger service still survived today! Safmarine -w/ Maersk, Lloyd Triestino -w/ Evergreen Group, APL, and CGT/CGM (?) w/ CMA-CGM Group

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Nedlloyd contains 5 Dutch passenger carriers.

KNSM (Royal Dutch Stemship Company) SMN (Netherland Line) KRL (Royal Rotterdam Lloyd) VNS (United Netherlands Shipping) KHL (Royal Holland Lloyd) there combined history streching all the way back to the 1850's. Iff they put there passenger service together we would have seen one off the largest global passenger shipping network. They operated a North Sea ferry service together with P&O under the name North Sea Ferry frome Rotterdam / Hull and Zeebrugge / Hull v.v. till the '90's whene the sale there 50% share to P&O.

And afcorse P&O have a passenger operation up till only a view years ago. We all now who owns now there passenger unit.

Greatings Ben.

Once again a proud Dutch shipping line is sold off.

[ 05-17-2005: Message edited by: Maasdam ]

I read that as the name "Maersk Sealand P&O/Nedlloyd" will be too long to be used, another one will be sought.

Famous names will disappear again.

I just also realize with what a provincial view (having been almost exclusively in the USA flag shipping business) I have looked at the industry.

Close your eyes for a minute or so (or retire and don't keep up) and you miss the massive changes.

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Originally posted by nevadaflip:
From that list it appears that containerships increase in numbers about as fast as rabbits!!

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You're not kidding. The reason I suggested OOCL was higher Bulbousbow was because their website says they have 350,000 TEUs. Maybe a monthly list needs to be compiled OOCL have the largest vessels.

I regularly drive along a stretch of road used by the container trucks on their way to Harwich/Felixstowe. Today in 2 x 3 mile stretches, I saw many MSC, Hanjin, China Shipping, K-Line containers.. a few Maersk, one P&O, one COSCO & a handful of other one offs.. basically these things stream head to tail along the A14 all day. So from Bulbousbow's list this must be a typical sample of the volume operators.

Safmarine offered a passenger service on their ships up until Oct last year. I have a couple of brochures from a few years back.. somewhere.

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Originally posted by PamM:

Safmarine offered a passenger service on their ships up until Oct last year. I have a couple of brochures from a few years back.. somewhere.

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Yes, they carried passengers (12 or less) on their freighters as some freighter companies still do, but the ships are/were not considered to be passenger ships and are/were not required to carry any medical staff. There are usually long waiting lists and strictly enforced age restrictions, medical restrictions and gender restrictions such as they will not carry a woman as the sole passenger. This can hardly be described as passenger service. Safmarine's only true passenger ships were the ones mentioned in my earlier post.

One of the other companies listed above was the now Dutch-owned Lloyd Triestino which operationally has been allied with Evergreen since 1993 (5 years before being privatised). Their ships still fly the Italian flag. LT were forced out of the passenger business in 1977 by the Italian government. At the time the only passenger* ship that they were operating was Galileo Galilei on an around the world service via South Africa, Australia and Panama, but they had plans to continue their South African passenger service with 2 new ships. When both Africa and Europa of 1952 were withdrawn from sevice in 1976, LT had 2 new containerships under construction which were to be named Africa and Europa. These two ships were built with accomodation for 35 passengers but the goverment edict of June 1977 scuttled the plans. Since they were intended to carry more than 12 passengers they would have been legally classed as passenger ships and would have carried a medical staff. As it turned out, the ships were ready for service before the container facilities that they would have used in South Africa were ready, so they were used for a while on Italia's transatlantic service to Canada before being returned to LT. As recently as late 2003 these 2 ships were still being used by LT on the west coast of South America under the names LT Africa and LT Europa. They are no longer listed in LT's fleet. Whether or not the passenger accommodation was ever removed or simply used for other purposes, I don't know.

Brian

* They also carried passengers (12 or less) on their freighters but legally these ships were not classified as passenger ships.

[ 05-17-2005: Message edited by: Brian_O ]

quote:

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nevadaflip wrote:
From that list it appears that containerships increase in numbers about as fast as rabbits!!

and...

PamM wrote:
You're not kidding.

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You definitely have to keep your finger on the pulse regarding container shipping and its operators, they are continuously ordering new tonnage at a phenomenal rate. That list is the only one I have presently that is official, it’s a snapshot taken on a particular date, so things do change (rapidly) especially if charters are considered.

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PamM wrote:
The reason I suggested OOCL was higher Bulbousbow was because their website says they have 350,000 TEUs. Maybe a monthly list needs to be compiled OOCL have the largest vessels.

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OOCL’s 350,000 TEUs is, I would think, only an approximation, and in the same time P&O Nedlloyd would also have increased their TEUs. In the 3rd, 4th and 5th positions it is very tight with all those lines ordering many newbuilds including ones not listed. I know CMA CGM have ordered four 8,400 TEU ships from Daewoo for 2008 delivery onwards that weren’t on that list, so things are never static for very long, and by the way, these will not be the largest as China Shipping CL is building bigger ones.

OOCL don't have the largest container ships at present. Although their SX-class vessels of 8,063 teu were the largest at one stage. They are 322.97metres (1,059.61feet) long, 42.8metres (140.4feet) wide and have a full-load speed of 25.2knots. They are built at Samsung Heavy Industries.

Here is a drawing and a photo of the Shenzhen:

The title of the largest goes to China Shipping CL's CSCL Asia at 8468 teu, 334metres long, 42.6metres wide and with a speed of 25.2knots. Of course she (and her sisters) will not have that title too long as there will be others larger on the horizon.

******

Cheers

[ 05-18-2005: Message edited by: bulbousbow ]

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Johan wrote:
...as Maersk is privately owned, not much will be known.

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Although controlled by 92 year-old Mærsk Mc-Kinney Møller, who owns just over 50 percent of the shares (worth in total 25bn euro), A.P. Møller – Mærsk is not (quite) a private concern (like MSC), as it is a stock-quoted company.

Currently it is Denmark’s largest company and one of the biggest in Scandinavia, with a turnover of 22 billion euro last year and with the expected acquisition of the Dutch-British company the total turnover will be over 27 billion euro. Consequently, A.P. Møller – Mærsk will jump past the Swedish telegiant Ericsson. The first position will is still held by the Norwegian oil and gas company Statoil ahead of Finnish mobile developer Nokia. Though, Statoil differs from the other on the list by being controlled by the Norwegian state that has over 70 per cent of the shares.

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Originally posted by mec1:
Nice to see the flower logo on OOCL ships - reminded me of the tragic Seawise University.

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quote:

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cruiseshipluver wrote:
These ships are really getting huge...

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Yeah, as length goes I think Maersk holds that title:

ARNOLD MAERSK

LOA: 352.25 metres (1155.6 feet)
Beam: 42.8 metres (140.4 feet)
Speed: 25 knots
TEU: 6,600
Main Engine: HDS Sulzer 12RTA96C
BHP: 76,200
Entered Service: September 5, 2003

I know China Ocean Shipping Group (Cosco) is preparing to spend up to $USD520 million for the biggest container vessels ever ordered in Chinese shipyards. They have agreed to order four 10,000 TEU capacity box ships from Nantong Cosco KHI Ship Engineering near Shanghai.

According to broker Clarkson, the global order book was a record 4.1 million TEU as of April, or about 56% of the present fleet, up from 52% in March. This is incredible expansion!

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