I think this is ridiculously low concerning the very size and breadth of APMM
AUGUST 9, 2015—So who is the highest valued company in shipping? VesselsValue.com puts shipping and container giant A.P. Møller Maersk as the top dog with a valuation of about $13 billion, with 262 vessels owned.
In the accompanying infographic, VesselsValue.com says—tongue in cheek—that that is equivalent to 21 Hawaiian Lanai Islands or 17 B2 bombers or four of the highest priced European football clubs—Manchester United, FC Bayern Munchen, FC Barcelona, and Real Madrid.
Overall, Maersk Line, which is part of the Maersk Group,operates a fleet of 600 vessels (including those it charters) and had revenues of $27.3 billion in 2014 and profits of $2.3 billion.
The Top Five Highest Value Shipping Companies in order are:
Møller Maersk A/S, 262 vessels, $12,561,000 MOL, 215 vessels, $12,122,000 NYK, 245 vessels, $10,034,000 K Line, 180 vessels, $8,104,000 Teekay LNG Partners, 46 vessels, $7,098,000
The valuations are based on number of vessels purely owned, not chartered in, and calculated on a daily basis.
While impressive, the $13 billion valuation for A.P. Møller Maersk pales in comparison to the highest cap companies in the world—Apple, with a valuation of $740 billion, or Google at $478 billion. Heck, even Netflix, with its movie and TV streaming service has a market cap of $49 billion.
I recall several years ago hearing at ECO was valued at well over $12B but that was of course before crude oil’s price fell by half. I wonder what Gary and family would be worth in today’s market? More than I will ever see that’s for sure but not what they were.
Hey Jeaukx…care to tell us your net worth? $3.95 on ssle?