BSCL420-T103
Nancy Peng
7.1 Assignment
Maersk Group was founded in 1904 and based in Copenhagen, Denmark. After many years of development, now it has about 110,000 employees and more than 135 offices all over the world. Maersk Group’s services throughout the world. In addition to the shipping industry, it also has different kinds of business scope, including a wide range of logistics, oil and gas exploration and production, ship building, industrial production, supermarket retail and so on. It is the top ten well-known shipping companies and largest container carrier in the world as the group’s container shipping branch. According to the Forbes Global 2000 list for 2015, it ranked 148 (A global freight giant, 2007).
Maersk Group has a lot
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It is actual profits for the 2015 is 3.1 billion dollars which in the same period in 2014 is 4.5 billion dollars. Although the Maersk Group got a good result in the first half year with a return on investment capital of 10.2%, Maersk Group’s annual result has been affected due to oil prices plummeted, tariffs and the gap between supply and demand areas of business. Therefore, Maersk Group’s return on investment capital in the second half of 2015 was -6.3%. The actual loss was 9 million dollars which made profits of 1 billion dollars in the same period in 2014. In order to deal with a challenge business environment, Maersk Group continues to use cost saving solution to optimize profitability and cash flow. Maersk Group thought the operating expenses could be decreased if they declined the fuel prices and took steps on cost saving measures, including lower oil exploration costs. (Annual report 2015, …show more content…
It has different kinds of business. It not only does businesses in container shipping, oil exploration and transportation, but also does other businesses such as retail. However, due to oil prices plummeted, tariffs and the gap between supply and demand areas of business, the finance of Maersk Group has been greatly affected. Thus, Maersk Group think that they can handle this challenge and try to find a good solution to deal with this challenge.
References:
A global freight giant. (2007, Oct 26). The New Zealand Herald Retrieved from http://ezproxy.bellevue.edu:80/login?url=http://search.proquest.com.ezproxy.bellevue.edu/docview/430156892?accountid=28125
Annual report 2015. (2016, Feb 10). Targeted News Service Retrieved from http://ezproxy.bellevue.edu:80/login?url=http://search.proquest.com.ezproxy.bellevue.edu/docview/1766928572?accountid=28125
Maersk co ltd (the) - annual report, 2010. (2010). Kuching: Acquisdata Pty Ltd. Retrieved from
I once asked a friend what made Sitmar Cruises special and without missing a beat she replied, “They serve mixed nuts to the last night!” It was that high level of service which distinguished Sitmar among its competitors. Even now, almost thirty years after they merged into Princess Cruises, former passengers still talk of the attention to the small details that made Sitmar unique.
The major issues facing the company comprises of there being multiple businesses with different demands. There are separate levels of performance and success as well as growth chances for each of the sector and the firm needs to tackle with issues in each of these divisions (Dube, J.P., 2004).
Currently, foreign cruise liners operate almost completely outside of the scope of the U.S. tax system, and this arguably has a discriminatory impact on U.S. cruise lines. Generally, if a foreign corporation is deemed to have a permanent establishment in the United States, they are subject to a tax on the portion of their income that is attributable to the U.S. For example, if a foreign clothing company, had just one small store in Miami where there could be “continuous and systematic” presence, it would be viewed to have a permanent establishment and taxed 30%. Since foreign cruise corporations fall into the category of “shipping,” the headquarters they have in the U.S. aren’t considered a permanent establishment. Therefore, the U.S. isn’t
The other opportunity is the technological advances the company was upgrading their ships and more importantly were working on building new ones that will be ready to set sail in 2014. In addition, the technology has increased the cruise travel. Gives the technology to enhance the activities within the cruise.
Ocean shipping probably will meet with the pirates, which could lead to economic losses. Technology How to make the vessel keep efficiency by using less fuel, so company could cut the cost. Environment Wrecking on a rock, meeting with tsunami or rainstorm and so on when sailing. o Five – Forces • Threat of new entrants Low, because of high capital demand. Power of suppliers High, because of the vessels manufacturing, fuel price, and labor cost because these factors are all have no substitutes.
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Another correlation between the management’s discussion within Fords 10-k and the financial analysis within this essay is Ford’s market expansion into the Pacific Asia Africa segment (SEC, 2015). Because ford is entering into new markets, their costs are increasing for selling and administration. The costs include hiring new salespeople and promoting their new products in new market segments. Thus causing the increase of selling and administrate costs in the horizontal income statement analysis. Furthermore, Ford’s fixed assets are also increasing because they are investing in new land and equipment to manufacture their new
Renaissance Services SAOG is an Omani multinational Oil & Gas services based company listed on the Muscat Securities Market since the year 1996. The company’s main focus is Oil & Gas industry and blue-chip clients. The company owns and operates one of the top ten largest Offshore Support Vessel fleets in the world, has over 12,000 employees and in 2012 companies Revenue of US$ 0.67 Billion were recorded .The company thrives to provide safe, efficient and quality services to the Oil & Gas industry. Renaissance consists of following business groups Topaz Marine, Contract Services and others. Topaz Marine is one of the leading Oil & Gas services company, with a fleet of over 100 Offshore Support Vessels (OSV). The majority of these vessels operate in the Caspian, MENA and in the West Africa regions on contracts with regional and international Oil & Gas companies. Topaz Marine is a wholly owned subsidiary of Renaissance Services SAOG. The Contract Services Group is one of the leading international Integrated Facilities Management Company, which provides catering, operations & maintenance, property and facilities management services. CSG businesses serve a diversity of clients within the Oil & Gas, Energy Services, Healthcare, Education, Military, Commerce & Industry, and Ports & Marine sectors. Other groups include Topaz Engineering, The Media & Communications Group and The Education & Training Group. All these groups prosper together as a complementary collective yet operate on a reliably self-reliant basis. Renaissance has total assets of over USD 1.7 billion, employs over 12,000 people, operates in over 16 countries and has an outstanding growth record in all economic cycles.
Our Logistics unit is driving for synergistic growth, developing and securing its links to Container Shipping
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Maldives Transport and Contracting Company, (MTCC) was incorporated in 1980. The company was established with the objective to contribute towards the development of infrastructure and transport service in the country. Since then MTCC has positioned itself as one of the strongest business entities in the country with a diversified range of products and services, with a work force of over 1090 employees across the country. Today the company offers a diverse range of services such as construction and project management services, logistical operations, modern transport services, engineering and docking service and a plethora of reputed product as, Yanmar and Suzuki marine engines, Hamilton propulsion system, Castrol lubricants, Sigma protective
Through Dupont analysis, we have been able to see the specific strengths and weaknesses of BMW and Audi’s management. BMW’s lower profit margin and asset turnover indicate less efficient cost management and asset management. Their debt multiplier indicates that they’re taking advantage of debt, but the benefit of this isn’t realized because of their problems with cost and asset management. Due to Audi’s more efficient use of their assets, and better cost efficiency, it can be said that their management has performed better than BMW’s over the past year.
Their main objective is to provides the framework especially for shipping and inside the framework had include the safety, environmental concerns, legal and policy, integration of technical, security of maritime and the efficiency of shipping.