A.P. Møller - Mærsk A/S
A.P. Møller - Mærsk A/S is a Danish transport and logistics group built around ocean container shipping and related global logistics services. Through its shipping, terminal, and supply-chain businesses, it connects cargo flows across major trade lanes and serves customers worldwide from a base in Copenhagen.
Fiscal year 2025 · change from previous year
Development 2021–2025
Business
Share of revenueContainerized ocean transport services moving cargo on global liner routes.
End-to-end freight forwarding, customs, and supply-chain management services.
Port terminal handling, storage, and vessel/cargo interface services.
Corporate items, intersegment eliminations, and ancillary activities.
Customers
The company serves shippers that need regular international transport, from large industrial exporters to retailers and consumer brands. Its logistics customers buy coordinated services that combine ocean transport, terminal handling, inland distribution, and freight management across supply chains. Customers use the network to move standardized containerized cargo reliably across long-distance trade routes.
Buy ocean container capacity and schedule reliability for cross-border trade.
Use integrated logistics to move finished goods through global supply chains.
Need regular container transport for components, inputs, and finished products.
Buy forwarding, warehousing, customs, and distribution services.
Use terminal facilities for vessel berthing, cargo handling, and storage.
Strategy
The company’s strategy centers on providing a connected shipping-and-logistics platform rather than only vessel capacity. That means combining ocean transport with terminals, forwarding, warehousing, and inland services to capture more of the shipment value chain and improve service stickiness. Network scale, trade-lane coverage, and operational integration are central to its competitive position.
Combining transport and logistics services increases customer retention and cross-selling.
Global route coverage is essential for serving large shippers across major trade flows.
Customers value predictable schedules, cargo visibility, and coordinated handling.
Geography
The group operates globally, with trade lanes linking Europe, Asia, North America, and other major import-export markets. Its network depends on international maritime routes, port access, and inland logistics nodes, so geography shapes both customer demand and operational exposure. Copenhagen is the corporate base, while commercial activity is spread across key shipping corridors and logistics hubs worldwide.
Risks
The business is exposed to cyclical global trade volumes, freight-rate swings, and disruption in international supply chains. It also faces execution risk because service quality depends on vessels, ports, terminals, and inland partners working together across many jurisdictions. Fuel costs, regulatory compliance, and geopolitical shocks can materially affect network performance and customer demand.
- Global trade cyclicalityImpact: HighLikelihood: High
Ocean shipping demand depends on import/export volumes and inventory cycles.
Exposure: Container shipping
- Freight-rate volatilityImpact: HighLikelihood: High
Ocean transport pricing can move sharply with capacity and demand balance.
Exposure: Liner shipping
- Operational disruptionImpact: HighLikelihood: Medium
The network depends on ports, vessels, terminals, and inland logistics partners.
Exposure: Global logistics network
- Geopolitical route disruptionImpact: HighLikelihood: Medium
Trade lanes can be affected by conflict, sanctions, or security constraints.
Exposure: International shipping routes
- Fuel and emissions regulationImpact: MediumLikelihood: High
Shipping is energy-intensive and subject to tightening environmental rules.
Exposure: Marine fuel and compliance
Accounting
Judgemental itemsTransport and logistics contracts may recognize revenue over time as services are delivered.
Impact: Affects timing of sales and margin recognition
Shipping and terminal operations rely on leased assets and infrastructure.
Impact: Affects balance sheet leverage and operating cost presentation
Fuel and foreign exchange exposures are commonly hedged in shipping.
Impact: Affects volatility in earnings and OCI
Vessels, terminals, and related assets require periodic impairment testing and depreciation estimates.
Impact: Affects reported asset values and earnings
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Last updated: 24/10/2026