Cover: ALBERT MÆRSK moored at Langelinie, Copenhagen, August 2004.

Published by AP. Moller - Maersk, Copenhagen It was a great pleasure for A.P. Moller - Maersk to witness the warm welcome Editor: Gitte Knudsen for the container vessel ALBERT MÆRSK from the Lindø Yard when she e-mail: [email protected] moored alongside the Langelinie Quay in August this year. The visit turned Printers: From & Co. Layout: Yellow Pencil into quite a Copenhagen event, and it was a pleasure and honour to show Copies: 16,100 Danish, 30,900 English ALBERT MÆRSK to our shareholders and the public, as well as to give schools and young potential employees a chance to become acquainted with the lat- Local correspondents: est addition to the Maersk fleet. AUSTRALIA: Jo-Ann O'Brien BALTICS: Diana Stankevica Our container vessels seldom call at Copenhagen, so it was a unique oppor- BANGLADESH: M. Shamimul Huq tunity for A.P. Moller - Maersk to show what Danish shipping stands for. BENELUX: Ruud Bijkerk ALBERT MÆRSK and her sister vessels, built by our own yard in Odense - the EGYPT: Nahla Abdel Aziz Lindø Yard - bear witness to the quality of Danish workmanship and Richard Yong design. FRANCE: Cedric Collin GCA: Jens Eskelund The media coverage of the event was also quite special — a weather forecast GERMANY: Marc Fritzsche was even broadcast from the bridge, and it is a well-known fact that the INDIA: Nalini Sørensen weather is a significant fellow player and sometimes opponent at sea. INDONESIA: Callum Sinclair JAPAN: Bo Lindberg Andersen In short, an exciting week; more than 36,000 people visited the ALBERT KOREA: Christine Y. Park MÆRSK, including 13,000 shareholders, 16,000 members of the public and MALAYSIA: Loo Sook Yee 2,200 schoolchildren. A total of 57 cadets and many officials manned the NDC: Henrik Wern exhibition and handed out 20,000 caps, 40,000 T-shirts and 20,000 bottles NIGERIA: Timothy Alamu of water to a thirsty public. NORTH AMERICA: Tom Boyd PHILIPPINES: Ruben S. Fajardo SINGAPORE: Sonny Zin We wish ALBERT MÆRSK godspeed! SOUTH AFRICA: Melody Barber SOUTH AMERICA: Rosi Cordeiro SPAIN: Javier Lopez Jess Søderberg TAIWAN: Poul Resdal Kristensen THAILAND: Terdtoon Thaisriwichai UNITED KINGDOM: Emily Messinger SAFMARINE: Victor Shieh MAERSK AIR: Maj-Britt Vittrup Nielsen MÆRSK CONTAINER INDUSTRI: Heidi Hansen MÆRSK DATA: Marie-Louise Arnfast ROSTI: Mette Andreasen ROULUNDS: Elsebeth Bastholm THE LINDØ YARD: Steen Schougaard Christensen DISA: Åse T. Larsen SVITZER WIJSMULLER: Michael Elwert

Volume 43, No. 3 October 2004 ISSN

Reproduction permitted only after agreement with the editor. masMBmamm TE

Ær Majesty Queen Margrethe surrounded by (from the left) Captain of the ABSALON Per Starklint, Mærsk Mc-Kinney Møller, John Skov Hansen, Odense Steel Shipyard, General Hans Jesper Helsø, Chief of Defence and Rear Admiral Kristen Husted Winther, Head of the Naval Materiel Command,

Her Majesty Queen Margrethe Names Newbuilding at Odense Steel Shipyard

On 4 June 2004 Her Majesty the largest naval ships built in the ABSALON's particulars have been de- Queen Margrethe named a history of Scandinavia. The desig- signed in cooperation between the flexible support vessel for the Dan- nation "flexible support vessel" is Naval Materiel Command and ish Defence at Odense Steel Ship- attributed to the fact that the vessel Odense Steel Shipyard with a view yard. The vessel received the name can be used as a military supply to combining the Danish Defence's ABSALON. vessel, for mine laying and enforce- requirements for military capacity ment of sovereignty. In addition, it with the best of commercial ship- With a length of 137.5 metres, a can be equipped for use as a mili- building. The latest technology has breadth of 19.5 metres and a draft tary hospital ship and for relief op- been utilised everywhere on the of 6.3 metres, ABSALON is among erations. vessel.

3 New Gas Pipeline in the North Sea

On 19 July 2004 the first gas flowed through a new 100 km In 1979 the Partners in long and 26 inch thick gas pipeline connecting the Tyra Field Dansk Undergrunds Consor- tium (DUC), A.P. Moller - Maersk, with the Dutch platform F3-FB from where the gas is Shell and ChevronTexaco entered delivered to Den Helder in the Netherlands. Mærsk Olie og Gas into the first agreements on deliv- AS was responsible for the design and installation of the ery of natural gas from DUC's pipeline and for its operation and maintenance. fields in the Danish sector of the North Sea. The agreements includ- ed delivery to DONG of a total of 55 billion m3 of natural gas over 25 years, starting in 1984. The natural gas is delivered in DONG's pipe- line from Tyra to Nybro, Denmark, from where the gas continues to markets in Denmark, Sweden and Germany. With additional gas sales agreements in 1990 and 1993, the quantities of natural gas were in- creased, and today up to 7.5 billion m3 per year is delivered through the pipeline to Nybro.

The new gas pipeline is owned by A.P. Moller - Maersk, Shell and ChevronTexaco with 19.5%, 23% and 7.5% respectively, and DONG owns the remaining 50%. The owners of the new Danish pipeline are entitled to transport gas in the pipeline in quantities corresponding to their interest. This means that they can elect to utilise their share of the transport capacity or sell it to a third party.

The new gas pipeline makes it pos- sible to sell additional natural gas from DUC's fields in the North Sea and gives access to new markets. A.P. Moller - Maersk entered into an agreement in 2003 on the sale of natural gas to Norsk Hydro with delivery to Den Helder in the Netherlands. Delivery to DONG will continue in accordance with the existing agreements.

4 The pipeline runs from the Tyra West A platform to the F3-FB plat- form, operated by Nederlandse Aardolie Maatsehappij (NAM), Shell and ExxonMobil's jointly owned operator company in the Netherlands. The pipeline connects the Danish fields in the North Sea with the pipeline system NOGAT, which runs from the fields in the northern part of the Dutch sector of the North Sea to Deti Helder from where there is a connection to the Dutch pipeline system.

Stavanger

NORWAY

DENMARK

UNITED KINGDOM

ERMANY THE NETHERLANDS

5 The staff from Maersk Sealand's office in Muscat with the guests from Copenhagen. Mærsk Mc-Kinney Møller and Michael Pram Rasmussen Visited Oman from 24 to 26 May 2004

Mr Møller and Mr Pram Sealand UAE, which highlighted whose management team is headed Rasmussen had the honour of the various activities undertaken in by Managing Director Jack Helton, being received in private audience the country. has expanded, and Maersk Sealand by His Majesty Sultan Qaboos of is expected to have a turnover of Oman in his palace in Sohar. Also Mr Møller and Mr Pram Rasmussen 1.8 million TEU in 2004. present were the adviser to His also visited the terminal and office Majesty Dr Omar Zawawi and HE in Salalah in the southern region of During the visit to Dhofar the delega- Mohammed Al Harthy, Minister of Dhofar. The guests toured the port tion visited HE Sheikh Mohammed Transport and Communication. and met with port executives, and Al Qutaibi, Minister of State and the current development plan and Governor, and a visit was also paid A visit was paid to the Maersk port operations were discussed. to the local Maersk Sealand office Oman office in Muscat, where the Port of Salalah, in which the A.P. in Salalah to meet staff members gentlemen met with management Moller - Maersk Group has a 30% and listen to a briefing on the com- and employees. A presentation was shareholding, was inaugurated only pany's operations. made by Poonam Data from Maersk six years ago. Since then the port, "Topping out" Ceremony at Esplanaden

On 8 July 2004 the "topping A "topping out" ceremony is held out" ceremony for the new when the walls of a new building extension to A.P. Moller - Maersk's are raised, the tier of beams laid head office was held. The extension and the roof rafters erected. The provides many new facilities and ceremony is for everybody who has the ability to hold functions and participated in the construction gather employees at one address. and the progress of the work is cele- brated. The tradition dates back to th Speeches were made by Jess Søder- the 15 century when more people berg, Knud Vium Andersen, Re- often took part in the building of a gional Manager, Hoffmann A/S house than the household itself and Michael Christensen, Archi- could rally. More ceremonies were tect, Henning Larsens Tegnestue. typically held on the way, but the Jess Søderberg called for the trad- "topping out" ceremony has proved itional three cheers for: a tenacious tradition, which remains - The people whose work is a permanent element on any con- creating the building struction site in Denmark. - The flag that waves over the building At the top of the new building, a - The people who will work wreath, the traditional symbol of the in the building "topping out" ceremony, was hoisted.

Builder: A.P. Møller - Mærsk A/S Main contractor: Hoffmann A/S Key figures for the main office (after the extension of the building): Parking 340 Basement in two levels Guest parking 17 Rotunda MC parking 55 Bicycle parking 200 Large lecture room, seats 187 Cinemascope Small lecture room, seats 56 Cinemascope Corp. conference facilities 24

Gross floorage m2 (office etc.) 33,000 Net office area m2 16,300 where there are room for "desks" Parking basement m2 18,000

Fitness centre Special sports floor and advanced equipment Fitness centre m2 - changing rooms etc. 120 Fitness centre m2 - spinning 50 Fitness centre m2 - aerobics 100 Fitness centre m2 - fitness 165 Workplaces 1.600

1 • -"*"

ffiffip ALBERT MÆRSK Presented in Copenhagen

"Just wanted to thank you for a fantastic tour of ALBERT MÆRSK. I attach some photos that my father took. Who knows, maybe one day I'll be captain of ALBERT MÆRSK. Kind regards Mads, 9 years old".

• • Happy e-mails from enthusias- In the exhibition tents the visitors ALBERT MÆRSK, marking the begin- ÜH tic children and grownups have could learn more about the history ning of a busy week with visits brightened A.P. Moller - Maersk's of A.P. Moller - Maersk and the from politicians, business connec- inboxes after an eventful week at various business areas. Container tions, the press and others. At the Langelinie Quay, where the new activities were displayed separately. end of the week came the huge container vessel ALBERT MÆRSK Details of education opportunities crowd of interested and positive from Odense Steel Shipyard was within the Group could be obtained shareholders. moored from 28 August 2004 and from the employees on the stands for a little over a week welcomed for M.I.S.E., Finance and Ship's The vessel welcomed the public on her guests on board in a blue uni- Officer Training. board during the weekend of 4 and verse. Captain Peter Søgaard Nielsen 5 September. There were caps for and his crew gave the visitors a On Monday evening A.P. Moller - the children as well as T-shirts and tour of the vessel and told them Maersk employees and their fam- bottled water, and brochures about about work, spare time and train- ilies had the chance to visit the ves- ALBERT MÆRSK and the Lindø Yard ing at sea, assisted by 60 hard- sel. The next morning Prime Min- were handed out. Roughly 16,000 working trainees from SIMAC ister Anders Fogh Rasmussen and people went on board that week- (Svendborg International Maritime Minister for Economic and Busi- end and a total of 36,000 during Academy). ness Affairs Bendt Bendtsen visited the week.

2759 ALBERT MÆRSK Presented in Copenhagen,

Royal Visits to ALBERT MÆRSK

During the week His Royal Highness Crown Prince Frederik and Her Royal Highness Crown Princess Mary Elizabeth as well as His Royal Highness Prince Joachim and Her Royal Highness Princess Alexandra visited ALBERT MÆRSK. They were given a tour of the vessel by Mærsk Mc-Kinney Møller, Jess Søderberg, Captain Peter Søgaard Nielsen and Chief Engineer Mogens Krog Larsen. Naming of ALBERT MÆRSK

Before being presented to the i public at Langelinie, Copen- hagen on 4 and 5 September 2004 ALBERT MÆRSK was named on 20 August by Gaier N. Palmisano, wife of Samuel J. Palmisano, Chairman, President and Chief Executive Of- ficer of IBM, at Odense Steel Ship- yard.

ALBERT MÆRSK has an overall length of 352 metres and a breadth of 43 metres. Besides good facilities for her normal crew of 15, ALBERT MÆRSK is equipped with an educa- tion centre for up to ten cadets en- abling the vessel to function as a training ship.

ALBERT MÆRSK is registered in Cop- enhagen and will be commanded by Captain Peter Søgaard Nielsen with Mogens Krog Larsen as Chief Engineer. tions per minute — equivalent to The Sponsor of ALBERT MÆRSK Gaier N. With its 12-cylinder diesel engine 85,500 BHP - ALBERT MÆRSK will Palmisano with Peter Søgaard Nielsen, from HSD-Wärtsilä Sulzer, which enter Maersk Sealand's worldwide Captain and Torben Anker Sørensen, Odense Staalskibsværft. develops 63,000 kW at 100 revolu- liner service.

MAERSK RAMSEY

On 12 August 2004 Hull No. 350-4, a 35,000 DWT product tanker, was named MAERSK RAMSEY at Dalian Shipyard. The sponsor was Lady Rose, wife of Sir John Rose, Chief Executive of Rolls-Royce. The vessel will be registered in London under the ownership of The Maersk Com- pany Limited, UK. It becomes the seventh R-Class product tanker in The Maersk Company Limited's fleet. MAERSK RAMSEY will be com- manded by Captain Nigel Watkins, with Charles Johnson as Chief Engineer.

From left to right: Sun Bo, President of the Dalian Shipyard Co., Ltd., Sponsor Lady Rose, Michael Hassing, The Maersk Company Ltd., Captain Nigel Watkins, Chief Engineer Charles Johnson and Lars Vang Christensen, The Maersk Company Ltd.

2763 APM Terminals Keeps Busy

New Terminal in four times the current amount. The and regional economies by creating i Virginia, USA present container terminal in Ports- a new, broader long-term platform APM Terminals North America Inc. mouth is operating close to its cap- for business growth." has broken ground for a container acity. terminal at the strategic location of Many high-profile international Portsmouth, Virginia. The expan- "This facility will create opportun- companies have significant oper- sive new terminal will serve as a ities in global commerce for our cus- ations in the region and others are major Mid-Atlantic platform and tomers while maintaining the high- eyeing major distribution centres be capable of accommodating long- est standards in safety and security," for the future. The amount of cargo term growth. Construction is ex- says Thomas Thune Andersen, through the area is expected to at pected to be completed in 2007. Maersk Inc. "Our vision is to create least double by 2020, in part due to The facility will feature 1,200 metres a port that will act as a catalyst for the area's attraction as a major dis- of deepwater berth space which is international business in the local tribution centre.

An aerial view showing the current APM Terminal site and the site for the new, larger terminal at Portsmouth, Virginia.

2765 World record APM Terminals has held several world records for container termi- nals productivity. The operation in Salalah, Oman was the first to break the 250 container moves per hour barrier, and nowTanjung Pelepas in Malaysia has set an amazing new record handling more than 340 con- tainer moves per hour. It is only fit- ting that the record was set during the handling of Maersk Sealand's vessel A. P. MØLLER.

"The purchase of this property is be the first major privately devel- part of our strategic development of oped container terminal in the the Mid-Atlantic market," says Tony United States. The project is being Scioscia, APM Terminals North carried out with careful consider- America. "The terminal offers a ation for the environment and in natural deepwater harbour of 15 close cooperation with local, state, metres, the ability to own and op- and federal governmental and erate all activities — compared to environmental agencies. It adds to most ports where we lease port A.P. Moller - Maersk's presence in space — a strategic location with a Virginia, which includes the head- growing market, and strong, solid quarters for Maersk Line, Limited waterfront labor." The new com- and a Hudd Distribution facility in mon user container terminal will Chesapeake.

New concession in Cameroon In June, a consortium led by APM Terminals was selected to manage and operate Douala Container and Roll-on/Roll-off Terminal in Cam- eroon under a 15-year concession agreement. In 2003 the terminal handled about 160,000 TEU, 350,000 m2 break-bulk and 35,000 vehicles.

...and India In August APM Terminals, with Indian partner Concor, signed a li- cense agreement for the redevel- opment of the existing bulk facility in Jawaharlal Nehru, India, to a modern world-class container ter- minal. The terminal is expected to be ready to operate in third quarter in 2006, and under the agreement, APM Terminals will operate and manage it for a period of 30 years. m * \ tm

13 More Than Traditional Audit

Group Internal Audit - known as GIA - is more than an audit tool for A.P. Moller - Maersk. Its activities are looking increasingly towards the future, not least through its central role in the Group-wide risk management process facilitating businesses' risk evaluations and risk mitigating actions, and providing the Audit Committee and the Board with an important overview of the most significant risks facing the Group.

HBl GIA has now been servicing Although auditees may sometimes Performing on the Global Arena HI the A.P. Moller - Maersk find GIA's audits less compliance GIA's working domain covers the Group for more than six years. oriented than expected, it is still in global A.P. Moller - Maersk activ- Established in direct continuation focus. Compliance may, however, ities, and the most immediate per- of a risk management review under- have expanded beyond more trad- formance measure for the staff taken by KPMG in 1997, GIA s role itional internal control standards and could be their number of annual has developed gradually and today, policies to also cover compliance working days outside the Esplana- GIA's audit sphere stretches far with law, regulatory requirements den office. Jobs are performed by beyond compliance checks and con- and internal standards and policies. audit teams of three to four risk trol methods. auditors with a lead auditor re- Organisation and Competencies sponsible for proper coordination The Audits GIA's 12 staff are located on the 5th and organisation of the job. Their GIA's risk based audits review not floor of the Head Office in Copen- product is the written reports in only accounting methods, but all hagen, where activities are priori- which their findings and recom- core processes of the companies and tised and managed in close cooper- mendations are presented to busi- profit centres, including those which ation with management and the ness unit management for action cross organisational boundaries. The Audit Committee, a sub-comrnit- and follow-up by GIA. role is dual; providing assistance to tee of the Board consisting primar- business management, while at the ily of external directors of A.P. To continue to be acknowledged as same time providing assurance to Møller - Mærsk A/S, chaired by Lars value adding to the Group, GIA's the Audit Committee and the Board Kann-Rasmussen, chairman of the achievements are measured on two that management responsibilities large Danish conglomerate, Velux main key performance indicators. are discharged effectively. Windows. The first: prompt and timely re- porting, is fundamental for the GIA is part of the organisation, but GIA's organisation is divided into other: ratio of implemented recom- also independent of it, so the Group- three competency areas: Shipping mendations. wide internal auditors are well pos- related, oil and gas related and in- itioned to handle their challenging dustrial activities, each with an as- GIA has a presence on @maersk task of thinking critically about the signed director responsible for in- where more details about GIA are organisation. ternal audit. available.

2769 , s:;, is»A 5^ ^ - =• ^^ M a f **

Audit Services GIA's work is based on up-to-date Ad hoc Reviews it was A.P. Moller - Maersk's wish, international standards for internal GIA spends some 10% of its avail- through GIA, to promote and de- auditing. GIA's focus on broader able time doing ad hoc audits, velop a risk mentality where ad- business aspects and its working which may be requested by com- dressing risks is clearly integrated methods are reflecting an inter- panies and profit centres, typically with running the business. By con- national tendency to broaden the in connection with major projects sidering the risks of objectives and spectrum of internal audit activ- or on GIA's own initiative, based goals systematically, rather than ities to add value continuously to on ongoing dialogue and an ear to only in the case of disaster, im- organisations by helping to im- the ground. The ad hoc reviews are proved and faster decision making prove operations. The most recent usually concluded with short re- is envisaged. definition of internal audit as is- ports, or GIA's observations are sued by The Institute of Internal simply worked into managements' Risk management in A.P. Moller - Auditors reads: own evaluations. Maersk is still in the process of finding its form, method and place "Internal auditing is an independ- Investigations in the strategic and executing pro- ent, objective assurance and con- The Group has a clear policy to deal cesses in business units. Directives sulting activity designed to add with and pursue all suspected and are in place to ensure that manage- value and improve an organization's identified frauds. Thus frauds in ment is focused on risks and takes operations. It helps an organization A.P. Moller - Maersk are reported to them into account in current busi- accomplish its objectives by bring- and monitored by GIA, with whom ness as well as new projects. In its ing a systematic, disciplined ap- solutions to deal with such incidents facilitating role GIA's focus is on proach to evaluate and improve are also agreed. GIA provides assur- applying risk management in a the effectiveness of risk manage- ance that facts have been adequately practical context to ensure that ment, control, and governance pro- established and dealt with in the business goals and objectives are business units. Therefore, GIA has challenged, risks evaluated and a significant role ensuring proper goals adjusted where necessary, if GIA seeks constantly to live up to fraud awareness and control meas- the risk level is not acceptable or this definition through its four ures to address fraud throughout adequate mitigating measures are main products shaped to cover the A.P. Moller - Maersk. To meet that not in place. Seminars and work- Group. end more than 1,000 business man- shops are provided on a frequent agers have attended one of GIA's basis to assist with the risk process and ensure a structured and sys- Planned Audits Fraud Awareness seminars. tematised approach. About 70% of GIA's available time is spent on planned audits, agreed Consultancy and Risk with the Board's Audit Committee Management Facilitation GIA's work is deeply founded on once a year. The planned audits are One major reason for establishing risk management disciplines and summarised in comprehensive re- GIA was a desire to promote and business units' risk management ports and the recommendations develop risk management in the process and the established risk and follow-up action agreed with Group. Business units are respon- assessments are fundamental to management. sible for managing their risks and GIA's risk based audit planning.

2771 Professionalism

More Than Traditional Audit continued

Key Values To execute its dual responsibility — Dynamics according to the charter given by the Obviously the great majority of GIA's Board — GIA has defined a set of key work must be done according to plans values for its work: and priorities generated through risk dialogue with the many companies, Independence profit centres and service units in the Being recognised as fully independ- Group. GIA must, however, be able ent and without formal attachment to react when business developments to business units is critically import- dictate a shift in risk assessments as ant for success. Observations and well as when special projects demand recommendations must demonstrate reviews. objectivity. To ensure this GIA's sec- ond key value is equally important. Professionalism The width of GIA's scope demands a Dialogue wide range of expertise. The inside All GIA's work is prioritised and business experience must blend with based on an evaluation of risks fa- technical audit and interviewing cing the business units. As a bi-prod- skills, which must be recruited exter- uct to business units working with nally. GIA is seeking to maintain a risk management in their strategic 50/50 blend of external and internal planning and execution, GIA bene- expertise. fits from the process through an on- going dialogue sharing risk evalu- ations and assessments. To cover GIA's Group-wide scope a current dialogue with all business units is key. Similarly important in ensuring Group-wide audit coverage is GIA's coordination of audit work with ex- ternal auditors and internal business audit functions.

16 "Live Help" - support for maersksealand.com

I BSi Live Help is Maersk Sealand's ports customer and employee know- cialises in internet chat service in | !S§1É on-line chat service for cus- ledge about maersksealand.com. Portuguese. 1 tomers who do business on www. This effect translates directly into I maersksealand.com. If a customer an increased number of transactions, In line with development of new i needs technical assistance using the and the e-centres have significantly and enhanced internet services, the internet applications, or has a ques- contributed to the high number of e-centres will be expanded gradually tion, it is possible to click in and e-transactions. to include more than just technical receive instant help on-line 24 hours assistance. They will respond to a day six days a week. The e-centre staff receive on average more service-related inquiries, e.g. 250 chats per day from customers rate requests. Furthermore, open- The service was implemented in who require help, for example with ing of several new e-centres is being October 2001, primarily to differ- registering on maersksealand.com, planned. The purpose of the new entiate Maersk Sealand's internet looking up a freight rate or printing centres will be back-up for peak product offerings, generate new a web bill of lading. periods and contingency as well as business and offer a faster alterna- on-line support in additional lan- tive to the telephone, as well as to E-centre presently consists of two in- guages. avoid the increasing website traffic dependent departments placed with- draining resources in the existing in Houston Customer Resource In June and July, representatives organisation. Center and Mumbai Shared Service from Centre Line Commercial visit- Centre, where 14 employees alter- ed both e-centres to discuss future Live Help has been a tremendous nate in covering the opening hours. strategy and establish new proced- success and has been widely recog- Live Help also includes a "language ures and targets. nised. The function effectively sup- pilot" in Sao Paolo, Brazil, who spe-

Mumbai team. From the left: Joyson Lobo, Janice Fernandes, Navina Patki, Mathew Thomas, Sandhya Nair.

Houston Team. From the left top row: Kent Payne, Jenna Ross, Atme-Mette Jans (cenecom), Danielle Desouza, Fabio Di Virgilio (Brasilien), Mette Hermund Milman (cenecom). From the left sitting: Michael Jul Hansen, David Fondren, Erica Garcia. MAERSK AIR -fly as you like

In the spring of 2004 Maersk Air introduced a new strategy with greater freedom of choice for customers and many new exciting European destinations. The new initiatives have been well received by customers, and the past summer has been one of the busiest in the history of Maersk Air.

In many ways the change in industry. The effect was enhanced Maersk Air marked the end by the poor market trends which Maersk Air was established of the traditional concept of avi- set in at the beginning of2001, and in 1969 and made its first ation. Since the Wright brothers the fatal events at the World Trade flights in 1970. made the first motorised flight in Centre in New York in the same December 1903, this form of year. Air traffic changed for ever. From offering domestic departures transport has been surrounded by only, the company now transports passengers exclusively on inter- excitement, fascination, luxury and New Initiatives national scheduled flights to and adventure, which cost a lot of Like most other airlines, Maersk from Denmark, combined with money. The entry of low fares air- Air was also hit by the changes in charter flights for major Danish lines in the mid 1990s attracted the industry, and new initiatives travel agencies. many customers and changed the had to be taken. In the second half

of 2003 Maersk Air decided to launch a whole new flight concept. The project involved a thorough transformation of the company to a "low-fare" airline with a fleet of standard aircraft, new cabin layout, larger route network, lower fares, new reservation systems and en- hanced service to customers.

Fly As You Like It was evident that customers wanted more flexibility; e.g. low fares, one- way tickets, more legroom and the possibility of changing their tickets without paying again for the jour- ney Maersk Air combined low fares with the positive benefits from the traditional airlines. This means that

18 Maersk Air's customers can now board. Finally, there are no restric- buy a standard ticket (called Small, tions on the ticket with regard to comparable with the old economy advance booking or minimum stay. Read more about Maersk Air ticket) and then choose the extra and the new concept on: service they want, when they want The concept, which has been tested www.maersk-air.dk it. The project was presented to since the end of March 2004, is a Maersk Air's employees and the new way of providing flights, but public on 4 February 2004. This Maersk Air will still offer security, marked the beginning of a new good service, quality and not least journey for Maersk Air, and the punctuality. These qualities are a concept received the name "Fly as strong foundation and an import- you like", with customers choosing ant part of the new strategy. for themselves and only paying for what they choose.

Flexibility Maersk Air's new strategy means that all tickets are flexible and can be changed to a new departure time, transferred to another person or cancelled up to three hours be- fore scheduled departure in return for a small fixed fee. Another im- portant element is the change of the cabin layout and legroom adjusted to the new seat categories, where the customer pays a fixed fee which increases according to the legroom. In addition, the customers can choose whether or what they want to eat during their flight, either on the Internet before departure or on

2770 c MAS.RO VJU ø sMMMNNt

Sponsor Melodie Wessels surrounded by Wolfgang Stammer, Volkswerft Sponsor Ann Boyd surrounded by Howard Stralsund, James Robert Lycett, Chief Engineer, Matthys Johannes Wessels, Boyd, Safinarine, Belgium, Mathys P. Chairman oftUTi Worldwide Inc., South Africa, Liza Maria Baumgart Greyvenstein, Captain, Karl Berndt as "Lütt as "Little Eliza", William Adams Boddington, Captain, Karen B. Jakobsen Fiete", KnudE. Stubkjær, andWolfgang and Lars Reno Jakobsen, Safinarine. Stammer, Volkswerfi Stralsund GmbH. Naming of Two New Vessels for Safmarine

Ä-I§!lt The first of the new design sor of Newbuilding Hull No 449 The homeport of SAFMARINE SH container vessels in a series was Ann Boyd, wife of Howard CAMEROUN is Antwerp, Belgium, of three for Safmarine Container Boyd, now retired Chief Executive and the vessel will be commanded Lines N.V. from Volkswerft Stral- Officer, Safmarine, Belgium and the by Captain Mathys P. Greyvenstein sund GmbH in Germany was new vessel was named SAFMARINE with David J. Du Plessis as Chief named on 8 May 2004. The spon- CAMEROUN. Engineer.

The second of the new container vessels was named on 31 July 2004. The container vessels type VWS 2100 Melodie Wessels, wife of Matthys have the following main particulars: Johannes Wessels, Chairman of Length: 195 metres UTi Worldwide Inc., South Africa Breadth: 32 metres named Newbuilding Hull No 450 SAFMARINE NIMBA. Speed: 20 knots Container capacity: 2,096 TEU The homeport of SAFMARINE NIMBA Main engine: NSD 9RT-flex 60C, MCR 21,240 kW/114 rpm is Antwerp, Belgium, and the vessel Container cranes: 3 pes. 42 SWL at 30.2 metres will be commanded by Captain William Adams Boddington with Complement: crew of 29 + 6 suez James Robert Lycett as Chief En- gineer. Pier 11, Brooklyn, New York

The Mærsk star has been richly represented in New York throughout almost 90 years - LAURA MÆRSK was the first Mærsk vessel to call there on 13 May 1915. During the First World War A.P. Møller became seriously involved in the American freight market, and an increasing part of the Mærsk fleet was in the North American trade.

After the establishment of A.P. Møllers first liner service in 1928 there was a need for own port facil- ities. Since the 1930s Maersk Line (now Maersk Sealand) has cooper- ated with New York's port authori- ties (The Port Authority of New York and New Jersey) and leased various quays. The cooperation was extended in the late 1950s, and the result, Pier 11, was inaugurated in 1958 as the largest terminal so At the front is seen HENNING The last vessel is also the most re- far in the New York area. MÆRSK, a tanker delivered to A.P. cent one, HANS MÆRSK delivered in Møller in 1945. Throughout 1959 1958. HANS MÆRSK entered a third The picture shows a busy afternoon HENNING MÆRSK operated on a time trade called the Japan-West Africa at Pier 11 in Brooklyn on 5 March charter to Shell Petroleum Co., Lon- trade. This service ran via Hong 1959. Four Mærsk vessels were un- don and transported various oil Kong and Singapore with calls at loading, loading and clearing for products all over the world. South African ports on the way to further navigation. some 10 ports on the west coast of LICA MÆRSK from 1956 was a liner Africa; between Matadi, Congo and in the "Suez trade" (or "Around the Freetown in Sierra Leone. From Asia World trade"). This trade com- textiles and rubber were brought menced as an experiment in 1946. to South Africa. HANS MÆRSK is • Length of the pier: 625 metres A few vessels, which sailed the moored alongside the New York • Dimensions of the building: quay because at one time the return 548 x 45 metres = 24,660 m2 Panama trade (from the US East trip went via the USA and the 29 doors facing the pier and Coast to the Far East), returned to doors facing land the USA via Thailand, Indonesia, Panama Canal, with, among other Cold storage room at each end Malaysia, Sri Lanka, South India things, coffee from West Africa. of the building and the Red Sea. This made it pos- Compartment for particularly sible to introduce weekly departures When the container vessels entered valuable cargo from the American East Coast. the Panama trade in 1975, Maersk "Astronomical watch" ensured Line moved its activities to Pier 51 optimum illumination day and The third vessel from the right is in Newark, New Jersey. Today APM Room for 144 trucks at the same NICOLINE MÆRSK, delivered in 1951. Terminals operate the container time and thus minimal waiting time In 1959 NICOLINE MÆRSK entered terminal in Port Elizabeth and thus Later a railway track led to the A.P. Møllers original service from carry on the A.P. Moller - Maersk warehouse the US East Coast via the Panama Group's presence in New York's Canal to the Far East and home. vast port areas.

2766 Spective

Launched globally on 1 September 2004, Spective™ is Maersk Logistics' new generation supply chain visibility and reporting solution. Spective unites information from every part of the customer's supply chain, turning a collection of details into real strategic, tactical, and operational knowledge.

I A customer driven solution raw materials, to selling the final Adding value to Several years ago Maersk Lo- product and ultimately, increased the customer's business gistics embarked on an ambitious shareholder value. Through Spec- The Maersk Logistics sales method project to re-design the future of tive, Maersk Logistics' global sup- for Spective is based on a phased supply chain visibility. The first step ply chain management capabilities implementation that manages risks was to conduct a survey of our top add value for the customer in the and delivers value to customers right 60 global clients to gain an in-depth short and long term, by providing from the early stages of the imple- understanding of their expectations, visibility and supply chain optimisa- mentation process. Maersk Logistics requirements, and "hot buttons". It tion by: work in close collaboration with the became obvious that the existing customer by deploying a skilled so- concept of visibility (i.e. accessibil- - Improving the customers' service lution; delivery teams who have an ity to the information needed to levels through increased product in-depth understanding of the cus- monitor and control the supply availability tomer's business environment and chain through one solution) would - Reducing levels of product sold their specific strategy and perform- need to be completely re-engineered, below margin ance drivers. The solution that the then managed by an advanced solu- - Reducing levels of obsolete team proposes is value-based and tion based on state-of-the-art tech- products thus presents a new business model nology. - Reducing order monitoring and to the customer based on how well administrative costs Maersk Logistics is doing — mean- At the top of the list of customer - Reducing handling and storage ing that Maersk Logistics is remu- needs were solution scalability, best- costs nerated according to the value cre- in-class integration, security, pur- - Reducing inventory carrying costs ated. chase order visibility and manage- ment, event management through alerting, data synchronisation, in- Spective provides a new of I ventory views, advanced reporting, user-friendly and customizable plat- MAERSK LOGISTICS £ tog Oii fe- QjfckSesrcti form, as well as collaboration and communication through a note fa- SPECTIVE 1 cility (email, SMS or other). So this is exactly what Maersk Logistics set out to develop.

In View, In Control Spective integrates information from all parts of the supply chain to pro- vide customers with an integrated overview of their operations. This holistic view of the daily processes helps customers to make critical management decisions, and as a re- sult, improvements to their supply chain. This translates into faster turn-over from purchasing, e.g. the

2764 The first Spective customer

I HP Rite Aid Corporation, the I HI third largest retail drugstore i§ in the United States has signed a five-year contract with Maersk Logistics. Rite Aid will use Maersk Logistics' import and export ser- vices supported by an advanced Spective solution. Rite Aid moves approximately 5,000 FEUs a year to the United States from Europe and Asia, predominantly from China.

The Spective solution for Rite Aid will provide visibility of all Rite Aid's products moving through the supply chain and will incorporate data feeds from all current service providers including ocean carriers, truckers, customs broker, banker, and quality control inspectors. The advanced Spective solution will allow Rite Aid to manage their supply chain better by providing alerts, comprehensive inventory views of products to distribution centres, key performance indicators, and per- Left to right standing: John Fedorehak, Maersk Logistics; Luther Coipel, Director formance reporting across all ser- Inbound Transportation, Rite Aid; Bill Hutchinson, Vice President Transportation, vice providers. Rite Aid and Marc Levy, Maersk Logistics. Front row: Wilson Lester, Senior Vice President oft Supply Chain, Rite Aid, and Frank Scappatori, Maersk Logistics. Maersk Logistics' implementation process began in early July and fo- cuses on improving Rite Aid's op- erational procedures and vendor/ agent integration, and will be de- livered through three phases:

Phase I: Phase II: Phase III: • Monitoring infrastructure set-up • Advanced reporting • Visibility of "pre-production" and security • A landed cost module activities • Setting up standard reporting • A customs house broker interface • Inventory views to the • Establishing purchase order • Purchase order editing distribution centres visibility, track and trace • Management through alerting • An interface with Rite Aid's • Creating standard operating • Expanded tracking, customs clear- quality inspection provider procedures ance and arrival at destination • Trucking interfaces • Establishing a purchase order • Implementation of purchase • A banking interface upload from Rite Aid order revision message and container manifest message EDI (Electronic Data Interchange) transaction sets

2762 The new vessels have propellers which can turn through 360 degrees.

2760 Left to right: Viktoras Stulpinas, Baltija Shipbuilding Yard, Sponsor Kristina Brazauskiene, Algirdas Mykolas Brazauskas, Prime Minister of the Government of the Republic of Lithuania, Sergej Boiko, Baltija Shipbidlding Yard, Sponsor Claire Brown, Mat Brown, Manager Technical and Planning, Chevron Texaco, Juozas Abromaitis, Baltija Shipbuilding Yard, Sponsor Susanne Fournais and Claus Grube, Ambassador for the Permanent Representation of Denmark to the European Union. Triple Namegiving at SvitzerWijsmuller

On 15 May 2004 Svitzer Being among the first tug boats in The plan is to station SVITZER MARS HWijsmuller named their three the world built with a double hull, in Gothenburg, Sweden, SVITZER new tug boats from Baltjia Ship- these vessels represent the highest MILFORD in Milford Haven, United building Yard in Klaipeda. standard of safety within their field. Kingdom and SVITZER MJØLNER in Furthermore, they are all equipped Fredericia, Denmark. SVITZER MARS was named by Kristina with powerful fire fighting equip- Brazauskiene, wife of Algirdas ment. The delivery of these three vessels Mykolas Brazauskas, Prime Minister marks the beginning of an extensive of the Government of the Republic The vessels are 30 metres long and newbuilding programme currently of Lithuania. SVITZER MILFORD was 11.5 metres wide and have a service taking place at SvitzerWijsmuller. named by Claire Brown, wife of Mat speed of 14 knots. They have two A total of six vessels were initially Brown, Manager Technical and main engines of 1,800 kW, each ordered at Baltjia Shipbuilding Yard Planning, ChevronTexaco. Lastly, driving an azimuthing propeller and an option for a further four SVITZER MJØLNER was named by which can turn through 360 de- vessels has already been declared. Susanne Fournais, wife of Claus grees. With their high manoeuvrabil- Currently, a total of 26 vessels are Grube, Ambassador for the Perman- ity they are ideal for the harbour on order at shipyards around the ent Representation of Denmark to towage service offered by Svitzer- world and SvitzerWijsmuller hold the European Union. Wijsmuller around the world. options for a further 15 vessels.

2758 Jess Søderberg Visits China

Jess Søderberg was received in Zhongnanbai in Beijing by Executive Vice Premier Mr Huang Ju.

• On 16 June 2004 Jess Søderberg Railways and other senior officials Another highlight of the visit was was received in Beijing, China by from central Government. A visit the signing of a Master Agreement Executive Vice Premier Mr Huang was paid to the city of Dalian where between the Export - Import Bank Ju who spoke highly of the Group's Mayor Xia Deren hosted a dinner of China and A.P Moller Singapore activities and investments in China. and meetings were held with custom- Pte. for the financing of 11 vessels to ers and the management of Dalian be built at Chinese shipyards. During the visit, meetings were also Container Terminal, in which APM held with Liu Zhijun, Minister of Terminals holds a minority share.

ness-led, customs-supported alliance created to combat the smuggling of contraband via commercial trade. Initiated in March 1996 it includes the US Bureau of Customs, Border Protection and the BASC auditors.

The BASC programme examines the entire supply chain manage- ment process of manufacturing and shipping merchandise from foreign countries to the United States, em- phasising the creation of a more security-conscious environment at foreign terminal facilities to elim- inate or reduce their vulnerability to smuggling.

As the leader in the reefer container market in Peru and one of the pri- Left to right: Karine Drai and Davy Hopkins, Alconsa, Carlos Lazarte Hoyle, President mary off dock operators, Alconsa ofBASC Peru and Victor Perez, Drug Enforcement Agency. set self-imposed business standards with the intention to significantly deter narcotics traffickers and terror- • On 11 May 2004 Alconsa, the ists. Alconsa sealed off the security Best Security Maersk terminal in Peru was awarded chain in Peru by certifying BASC; in Peru the BASC (Business Anti-Smug- complementing the measures al- gling Coalition) Certificate by the ready implemented by Maersk, BASC Committee. BASC is a busi- namely C-TPAT and ISPS.

2756 The winning team from the Czech Republic.

who reached the final. They were Maersk Trophy 2004 very serious when they arrived on Friday and even had a full training

Ruud Bijkerk session to check the football field. • 15 May 2004 turned out to be a behind the winning Logistics Ladies The second finalist with a strong beautiful day for the Maersk Trophy from Rotterdam. group of supporters was the Maersk 2004. More than 150 employees Czechs. After a 14 hour drive from plus friends and fans from Mærsks Of the 10 Football teams that par- Prague they proved to have no prob- Central Europe region met for this ticipated some turned out to be lems with jetlag or hot weather and event. A total of 27 football games better on the karaoke stage that won 2-0. were played in seven hours, with night than on the football field. official referees, on two fields and a The final for third position was We should like to thank all the Ladies' Volleyball Tournament was won by the strong side of APM Ter- teams for their participation and held for the first time. The Rotter- minals Rotterdam who beat the sportsmanship. We all agreed that dam Pink Panthers and Hamburg Rotterdam Dream Team. The Pol- we have to make this a tradition and Devils took second and third place, ish Warriors were one of the teams we shall keep you posted on this.

Wireless Technology to Track Gensets

John F. Heenehan • Gensets, short for generator sets, the North America Global Position- offer portable power to reefer con- ing Genset Project. "Maersk Sealand tainers during intermodal transit. likes the concept because the devices As Maersk Sealand's reefer business offer a value-added service for asset- increases, so does the demand for handling while protecting the valu- gensets. Additionally, information able cargo of our customers" says about how each reefer container is Ernie Durando, MESC. operating during transit is vital to providing error-free service delivery. MESC will evaluate the test units Maersk Equipment Service Co. and determine this autumn whether (MESC) is testing wireless tracking to commit to installing the wireless technology on its fleet of gensets. devices on all of its gensets.

The wireless technology is similar to Global Positioning System (GPS). However, it also offers unique fea- tures such as reefer monitoring. A genset being attached to a reefer The test is being conducted under container.

27 Maersk Ship Featured in Stamp Collection

tankers were even assigned their own BFPO (British Forces Post £1.25 Office) number.

MV Maersk Gannet MAERSK ASCENSION was the first storage tanker to arrive at the island in August 1983 and remained there for 17 years. When the passenger vessel RMS St. Helena broke down, MAERSK ASCENSION took on a dif- ferent role and was used briefly to transport passengers between the islands. A ship model of MAERSK ASCENSION is still on display in the Falkland Islands Museum and the vessel was also portrayed on a stamp in 1997. MAERSK GANNET replaced MAERSK ASCENSION in 2000. MAERSK GANNET left the island at the end of

Marina Taouxi 2002 when sold to new owners. • MAERSK GANNET is featured in a the UK Armed Forces by providing set of stamps issued by Ascension fuel tankers to supply the garrisons Keen philatelists can obtain the Island Post Office as part of a col- on the Falkland and Ascension collection of Ascension Island Mer- lection of stamps showing mer- Islands. A Maersk storage tanker chant Ships stamps from the end of chant shipping. was moored off Ascension Island October, online from: for over 20 years and our vessel www.postoffice.gov.ac For over 25 years The Maersk Com- became a notable part of the island or pany Ltd has provided support to and a familiar landmark. Maersk www.sovereignstamps.co.uk

The Sprint

• In April and May 2004 the Municipality of Copenhagen initi- ated the competition "The Sprint" between seven large companies in Copenhagen. The Sprint is about making as many employees as pos- sible ride their bikes between home and workplace to do something for their health. The competition ran parallel with the national campaign "We bike to Work", arranged by the Danish Cyclists Federation, which has been an annual event since 1997.

A total of 119 employees from A.P. Moller - Maersk's head office The logo from the competition "The Sprint". took up the challenge and biked a total of 19,356 km, roughly the dis- Many employees in Copenhagen bikes and began pedalling. Several tance between the North and South bike to and/or from work — some from this group now bike daily and Poles. For this impressive achieve- of them live 48 kilometres from the some of them have even replaced ment A.P. Moller - Maersk won the job — and some employees who do their bikes with a better model. category "Most Kilometres Biked". not normally bike pulled our their Medals for DISA Apprentices

Her Majesty Queen Margrethe and His Royal Highness Prince Henrik attended the festive presentation of medals and congratulated all the craftsmen.

The event is arranged by the Trade Guild in Copenhagen in cooper- ation with Copenhagen Technical College and first took place in 1924. The presentation of medals has attracted royal attention since 1927, when the then Crown Prince Frederik attended the event for the first time.

DISA has attracted attention as a Sven Langemark, Gtiild Master and Engraver, presents the Association of the Edttcation good apprenticeship in other con- of Apprentices in Trade and Industry's grant of DKK7,500 to Lars Tørnblad. texts too, as the company was awarded the prize "Apprenticeship • On 25 May 2004 the annual pre- as four newly qualified industrial of the Year" in 2001 by the Metal sentation of medals for test pieces technicians received medals. Industries' Technical College in Bal- took place at Copenhagen City lerup, among other things in recog- Hall. This year 82 bronze and silver Lars Tørnblad and Anders Brunov nition of: medals were presented to craftsmen Johansen received silver medals as - Special initiatives for apprentices from 18 different trades. It has been well as grants of DKK 7,500 and - Good social and work-related a tradition for many years that one 10,000 respectively. Ulrik Blumen- conditions or more craftsmen from DISA In- saat Sørensen and Peter Lejcht Hen- - Respect for the individual dustries A IS are among the medal- riksen received bronze medals and apprentice lists and this year was no exception, the former a grant of DKK 7,500. - Challenging jobs for apprentices

Maersk Sealand and Maersk Logistics Honoured by Wal-Mart

• Wal-Mart, Maersk Inc.'s largest customer, has named Maersk Sealand the Ocean Carrier of the Year and honoured Maersk Logistics as the Origin Cargo Manager of the Year, both for 2003.

Maersk Sealand has won this award for five of the last seven years, and > Maersk Logistics earned its honour for the fourth successive year.

Last year, Maersk Sealand moved more than three times the volume for Wal-Mart than the nearest ocean carrier's volume. At the same time, Maersk Logistics handled about 90% of Wal-Mart's ocean carrier manager business.

29 Personalia

Esplanaden Organisations Abroad Mærsk Data

p:- - -iSiilljlir ': V 1 \ : jgWru i :3fr'rZ. i i

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Æ Retiring 40 Years 25 Years 25 Years Retiring Retiring 25 Years Jørn Dragsted Anniversary Anniversary Anniversary Leo Stanislaus Ramsay Fernandes Anniversary 30 November 2004 Andrew Christoptier Goh Kee Karen Yeoh Gomes Maersk India Svend Augsburg Behrendt Maersk Singapore Maersk Malaysia Maersk India 30 September 2004 8 October 2004 Reparaciones 1 August 2004 1 October 2004 31 July 2004 Maritimas Espanolas (REMESA) 7 July 2004 Mærsk Olie og Gas The Yard ••111 JP«S|| Mil ) \ •ddk. Alb ) is 25 Years 25 Years 25 Years Retiring 40 Years 40 Years 25 Years Anniversary Anniversary Anniversary Annelise Fischer Anniversary Anniversary Anniversary Hans Nyholm-Larsen Willy Bruun Jørn Nielsen 6 November 2004 Svend Ove Lüders David Smith Mogens Birger 1 October 2004 1 December 2004 1 December 2004 3 December 2004 3 December 2004 Pedersen Jepsen 3 December 2004

Maersk Contractors Maersk Logistics

25 Years 25 Years 25 Years 25 Years Retiring 25 Years 25 Years Anniversary Anniversary Anniversary Anniversary Hans Dorph Anniversary Anniversary Lars Bjørn Andersen Christopher Morton Christian Sørensen Finn Juel Rosner 23 November 2004 Frank Kaisen Inge Mørck 1 October 2004 B October 2004 1 November 2004 1 December 2004 1 September 2004 1 October 2004

30 The Fleet Obituary

The A.R Moller - Maersk Group is sorry to announce the following deaths:

S Russ Hart DISA Goff Inc. J 26 May 2004 Ab Plügge Norfolkline 40 Years 40 Years 25 Years 25 Years 25 Years 25 Years 11 June 2004 Anniversary Anniversary Anniversary Anniversary Anniversary Anniversary Søren Peter Lars Christensen John Børge Poul Richard Hansen Tommy Kümler Flemming Høglund Bent Holmann Messmann Captain Andreasen Captain Captain Hansen Jørgensen Captain 12 October 2004 Chief Engineer 28 October 2004 1 November 2004 Gas Engineer The Yard 11 October 2004 25 October 2004 20 November 2004 26 June 2004

Em. Z. Svitzer Bo Christer Nybraten Ship's Assistant ex. SORE MÆRSK 27 June 2004

James Lunan ex. MAERSk EXERTER 28 June 2004

David Haynes % Maersk Contractors, ''IIS Canada 11 July 2004 25 Years 25 Years Retiring 25 Years 25 Years 25 Years Anniversary Anniversary Anniversary Ole Jensen Anniversary Anniversary Jesper Rasmussen Niels J. Düring-Olsen Henning J. Wiinholt Captain Willem Lammes Bart Schol Eric Vilijn Gas Engineer Captain Hansen 16 October 2004 27 August 2004 10 November 2004 3 December 2004 ex. JANE MÆRSK 26 November 2004 Ship's Assistant 17 July 2004 7 December 2004 Knud Levring Maersk Contractors Safmarine Norfolkline DISA Danbor 20 July 2004

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«SNU • r§ «Its 25 Years 25 Years 25 Years Retiring Anniversary Anniversary Anniversary Gert Kragelund Lillian Sol Wim Van den Berg Heinz-Hubert 30 September 2004 13 November 2004 3 December 2004 Hei ringhoff 15 November 2004 MÆRSK