Book contents
- Frontmatter
- Dedication
- Contents
- List of figures
- List of tables
- List of Economist Intelligence Unit data
- List of boxes
- Acknowledgements
- Glossary
- Prologue
- 1 ‘Per Aspera Ad Astra’
- 2 The Coming Revolution
- 3 The Decision
- 4 Building the Base (1978–1984)
- 5 Planning the Next Steps (1984–1987)
- 6 Laying the Foundations for Expansion (1987–1990)
- 7 The 1990s
- 8 The Acquisition Trail (1992–1998)
- 9 1999 A Year of Developments and Acquisitions
- 10 Into the New Millennium (2000–2005)
- 11 P&O NedLloyd (2005–2007)
- 12 A New Strategy (2008–2013)
- Epilogue
- Notes and References
- Index
8 - The Acquisition Trail (1992–1998)
Published online by Cambridge University Press: 05 April 2014
- Frontmatter
- Dedication
- Contents
- List of figures
- List of tables
- List of Economist Intelligence Unit data
- List of boxes
- Acknowledgements
- Glossary
- Prologue
- 1 ‘Per Aspera Ad Astra’
- 2 The Coming Revolution
- 3 The Decision
- 4 Building the Base (1978–1984)
- 5 Planning the Next Steps (1984–1987)
- 6 Laying the Foundations for Expansion (1987–1990)
- 7 The 1990s
- 8 The Acquisition Trail (1992–1998)
- 9 1999 A Year of Developments and Acquisitions
- 10 Into the New Millennium (2000–2005)
- 11 P&O NedLloyd (2005–2007)
- 12 A New Strategy (2008–2013)
- Epilogue
- Notes and References
- Index
Summary
The more we do, the more remains to be done.
Ingvar Kamprad, founder of IKEAClose, but not quite
At the beginning of 1991 a fax had been received by Maersk Line’s management from the Danish East Asiatic Company (EAC), announcing that from 1 January 1992 it would be operating a joint weekly service between Asia and Europe with Ben Line of Edinburgh, under the name EAC-Ben Line. There would be seven ships on the service, four provided by EAC and three by Ben Line.
On 1 May 1992 Hans Henrik Sørensen reviewed Maersk Line’s needs for capacity up to the year 2000 and increased the need for chartered ships from five to nine to cover the period 1997–2000. His conclusion was that it would be ‘unrealistic to charter these vessels, therefore we have to investigate possible purchase options’. Maersk Line had in the past looked into several acquisition possibilities but none of these had materialised. Now, ‘an acquisition possibility that would be in conformity with our strategy and where the present owners might be willing to sell their container vessels would be: EAC and Ben’.
- Type
- Chapter
- Information
- Creating Global OpportunitiesMaersk Line in Containerisation 1973–2013, pp. 220 - 250Publisher: Cambridge University PressPrint publication year: 2014