The Gulf crisis has brought significant changes to our profit picture - notably in a downward direction. It has become MÆRSK much more difficult to find lucrative employment for the POST large tanker vessels. The Product and Gas tanker vessels earn about the same as before the occupation of Kuwait, whilst the liner trade in general has experienced a marked decline in rates and a reduced net result. For offshore activi- ties, demand has increased somewhat, but rate increases Published by A.P. Møller, Copenhagen have been sluggish. The decline of the dollar has also obvi- Editor: Ulla Skytte Printers: Scanprint A/S, Viby J ously had a negative effect on the net result, as have in- creased fuel expenses. In many cases, bunker prices have Local correspondents: risen to more than double. HONG KONG: Belina Chick In short, the Middle East crisis has had negative reper- INDIA: Ravi Chopra INDONESIA: Peter Frederiksen cussions on our shipping activities. JAPAN: Lars Bredo Rahbek NIGERIA: Lucie Thompson This means, of course, that we must seek to increase our ef- PHILIPPINES: Lydia B. Cervantes ficiency, streamline our organisation and reduce our ex- SINGAPORE: Cyril Seah penses. The vessels are in the forefront by already sailing ef- SPAIN: Harry W. Glogauer TAIPEI: Alfred Hurd ficiently with reduced crews. We must now look to doing the THAILAND: Suthinee Yanachart same on land, and at the same time turn our attention even UNITED KINGDOM: Robert Kenward more towards our customers and customer service. To U.S. EAST COAST: Robert F. Osborne change an organisation is often difficult. People prefer the U.S. WEST COAST: Jennifer Caro familiar. But it is necessary to find new, better, more re- U.S. GULF: Gregory Bakalich warding and at the same time less expensive ways and DISA: Eigil Conradsen methods and it is exciting to be a part of this. I am con- MAERSK AIR: Marita Petersen vinced that all employees will do their best to make us better MÆRSK DATA: Kim Kruse Andersen and more effective both on land and at sea. THE YARD: Jørgen Petersen PAPYRO-TEX: Helge Madsen PHARMA-PLAST: Bjørn Ragle MÆRSK MC-KINNEY MØLLER ROSTI: Marianne Maltow ROULUNDS: Elsebeth Bastholm Copenhagen, the 15th November, 1990 Volume 29, No. 4 December 1990 ISSN 0904-7093 Reproduction permitted with acknowledgement of source New ship: MAGLEBY MÆRSK" mmfi On Saturday, 10th November at the "MAGLEBY MÆRSK" Lindø Shipyard, a container vessel of at the equipment pier at Lindø. approximately 60,000 tons deadweight was named by Mrs. Anne Marie Vessel built by the Lindø Shipyard for the A.P. Schlüter, wife of the Prime Minister Mr. Møller Shipping Company and financed Poul Schlüter. through K/S DMK-SEJERØ. The new container vessel, which was M.s. "MAGLEBY MÆRSK" can lift named the "MAGLEBY MÆRSK", is more than 4,000 twenty foot containers, newbuilding 128 and is the third in a including 500 refrigerated containers. series of six advanced container vessels This makes the newbuilding not only one of the largest container vessels in the The sponsor, Mrs. Anne Marie Vessel Schlüter world, but also one of the largest refriger- with Captain Henrik L. Solmer and ated vessels. Managing Director Kurt Andersen. The vessel is 294 metres long and 32 metres wide, and is powered by the largest diesel machinery in the world. This is the 12 cylinder MAN B&W two stroke engine, which provides 57,700 BHP, giving a speed of 24 knots or the equivalent of 44 kilometres per hour. After her trials and delivery at the end of the month, the vessel will go into service in the Shipping Company's liner service on the route from Northern Europe to and from the Far East via the East and West Coasts of USA. M.s. "MAGLEBY MÆRSK" has her home port in Dragør, and will be under the command of captain Henrik Loren- sen Solmer with Bjarne Steen Petersen as Chief Engineer. At the naming ceremony at Lindø, the Spon- sor Mrs. Anne Marie Vessel Schlüter and the Prime Minister Pout Schlüter with the Linclø Yard's Managing Director Kurt Andersen and Shipowner Marsk Mc-Kinney Møller. 1487 When became Dansk Supermarked The headquarter of Føtex and Dansk Supermarked in Arhus. 1489 This Autumn the Dansk Supermarked ders, Nykøbing Falster, Viborg, Esbjerg A-Z are stores which deal in an extremely Group, which runs the retail chain stores and Århus, where there is now a total of large assortment of non-food items. Food Føtex, Bilka, Netto and Tøj & Sko (Clo- eight stores. And Føtex continues to ex- is not sold at all in these stores - except thes and Shoes) and A-Z, can celebrate pand - at the moment, building is in pro- that which the customers eat in the stores' two special anniversaries. gress in Sønderborg and for the ninth ti- bistros. A-Z also rapidly became a suc- The Føtex chain can celebrate the 30th me in Århus. cess, and today three identical stores have anniversary of the opening of the first The first Bilka store opened in Tilst outsi- been established in the chain. After Es- Føtex store in Guldsmedgade in Århus, de Århus 20 years ago, and, like Føtex, it bjerg, one was opened in Sønderborg and and at the same time Bilka can celebrate was something entirely new in retailing. in 1990 the third was opened in Vejle. the 20th anniversary of the opening of its Before then, hypermarkets had never The A-Z stores have been successful in first store in the chain in Tilst outside been seen in Denmark, and in the years these three towns, where the concept has Århus. that followed the chain grew rapidly with contributed to the fact that the commer- The Føtex store in Guldsmedgade for- footholds in Aalborg, Odense and Hun- cial centres have, to an increasing degree, med the basis for what has become the dige near Copenhagen. drawn customers from the surrounding Dansk Supermarked Group, which em- The initiative of the Dansk Supermarked areas. Consequently several other towns ploys a staff of 10,000. Group was soon copied by others in the have shown interest in establishing A-Z The store was a result of the observations industry, who started to open similar dis- stores, and the next one to open in this made by the store owner, Herman Sailing, count stores. In later years, the Bilka chain will be in Viborg. on his buying trips for the Sailing store, chain took over two of these discount sto- A third everydaygoods chain in the which he had taken over from his father. res, the first in 1981 located in Ishøj near Dansk Supermarked Group cannot cele- He came back with many new ideas Copenhagen and the second in 1988, lo- brate a "round" birthday but, unlike the which he had got from different Euro- cated outside Slagelse. In 1987, Bilka it- two previously mentioned, it is becoming pean countries, mainly Germany and self established a store in Næstved, where well known outside Denmark. Netto is France, and which he put together to Dansk Supermarked was entrusted with the foodstuffs chain which has expanded form an entirely new retailing concept. the task of building a shopping centre the most in the Dansk Supermarked The idea of collecting ironmongery, texti- outside the centre of town. Group in recent years. les, dry goods and fresh meat in one place Apart from this, Bilka has established The Netto chain was started in 1981 in naturally aroused much interest among more than 30 smaller so-called "city- Copenhagen, where its headquarters and both consumers and those employed in oriented" shops as part of the Tøj & Sko modern, centralised warehouses are si- the retail industry. Another new idea was tuated. From the capital, the chain stores to combine the shopping area with a cafe- have spread over Zealand, Lolland and teria, and before long others in retailing Falster, and in 1986 the chain hopped used the idea and established similar sto- over the Great Belt with the establish- res. ment of its first shop in Nyborg. Since When, in the beginning of the 60s, Mr. then Netto has successfully worked its Sailing got the chance to expand his busi- way into the market west of the Great ness with another large store in Aalborg, Belt and, with three shops in Esbjerg, has he started looking for a partner who could already reached the west coast of Jutland. take part in the explosive expansion that On average, about twenty new shops are was even then happening in the Føtex opened every year, and it is also Netto chain. which represents the internationalisation which is going on in the Dansk Supermar- That partner was A.P. Møller, who took Tøj & Sko (Clothes and Shoes) shop ked Group. A thorough investigation of 50% of the shares in the company which is centrally located on the pedistrian street the market conditions, which mapped out controlled the Føtex stores, and at the sa- in Århus. the possibilities for the establishment of me time the company changed its name Netto shops in Great Britain, has led to from Jydsk Supermarked to Dansk Su- chain. These are shops which, from a cen- the fact that the first shops will be opened permarked. The remaining 50% of the trally placed shopping street, sell clothes there in the Spring of 1991. This Autumn, shares are still owned by F. Sailing A/S. and shoes for the whole family. Netto has opened the first shop in a chain Today the Føtex chain consists of 44 sto- In 1987, the Dansk Supermarked Group of stores in the Eastern part of Germany.