• Ingen resultater fundet

B IBLIOGRAPHY

In document Finance and Strategic Management (Sider 124-138)

BOOKS

Andersen, I. (2005). Den skinbarlige virkelighed – vidensproduktion inden for samfundsvidenskaben (Third Edition) Forlaget Samfundslitteratur.

Ansoff, I. (1965). Corporate strategy. New York: McGraw-Hill.

Bowerman, L. B., Murphree, S. E., & T. O’Connell, Richard & Burdeane Orris, James. (2012). Essentials of business statistics, (Fourth Edition) McGraw-Hill International Edition.

Bøye, E. M. (2009). Statistik-hjælperen - med excel vejledning - guide til brug af lærerbøger med statistik (Second Edition)

Chresten, Koed & Jørgensen, Niels. (2008). Stastik med excel (7th Edition) Complet A/S.

Chris, Jephson & Morgan, Henning. (2014). Creating global opportunities. Maersk Line in containerization 1973-2013 Cambridge University Press.

Dess, G., & Lumpkin, Gt. & Marilyn, L. (2004), Strategic management Esmann, F. (2012). Maersk oil - under the surface, Maersk Oil.

Goold, Michael & Campbell, Andrew. (2014). Strategy for the corporate level - where to invest, what to cut back and how to grow organizations with multiple divisions. San Francisco, CA USA: JOSSEY-BASS.

Johnson, G., & Scholes, K. & Whittington, R. (2008). Exploring corporate strategy (Eight Edition) Financial Times Prentice Hall.

Johnson, G., & Scholes, Kevan & Whittington, Richard. (2008). Exploring corporate strategy (Eight Edition) Financial Times Prentice Hall.

Jørgensen, Niels & Koed, Chresten. (2008). Statistik med excel (Seventh Edition) Complet A/S.

Lotte Rienecker & Peter S. Jørgensen. (2012). Den gode opgave – håndbog I opgaveskrivning på videregående uddannelser, (fourth edition ed.) Samfunds Litteratur.

Murray R. Spiegel and Larry J. Stephens. (2008). Statistics (Fourth Edition) Schaum’s Outlines.

Richard A Brealey, & Stewart C Myers & Franklin Allen. (2014). Principles of corporate finance (11th Edition). New York: McGraw-Hill Irwin.

Sarah J. Tracy. (2013). Qualitative research methods - collecting evidence, crafting analysis, communicating impact (First Edition). UK: Wiley-Blackwell Publication.

Saunders, M., & Lewis, Philip & Thornhill, Adrian. (2016). Research methods for business students (Sixth Edition). UK: Pearson Education Limited.

Stopford, M. (2009). Maritime economics (Third edition ed.). London and New York: Routledge Taylor &

Francis Group.

Wahlen, J. M., & Baginski, Stephen P. & Bradshaw, Mark. (2011). Financial reporting, financial statement analysis and valuation: A strategic perspective (7th Edition ed.). US: Cengage Learning.

Weiss, N. A. (2011). Introductory statistics (9th Edition ed.) Addison-Wesley.

JOURNALS

Berger, Philip and Eli Ofek. (1996). Diversification’s effect on firm value, Journal of Finance

Berger, P. and Ofek, E. (1999). Causes and effects of corporate refocusing programs, Review of Financial Studies, Vol. 12

Colak , G. (2010). Diversification, refocusing and firm value. European Financial Management, Vol. 16 (3) Daley, L., Mehrotra, V. and Sivakumar, R. (1997). Corporate focus and value creation, evidence from

spin-offs. Journal of Financial Economics, Vol. 43

D'Aveni, R. (2015). The 3-D printing revolution. Harvard Business Review, (May 2015)

Dieter Heuskel, & Achim Fechtel & Philip Beckmann. (2006). How the World’s top diversified companies produce superior shareholder returns. BCG Report,

Fayle, E. C. (1933). A short history of the World’s shipping industry. Allen and Unwin,

Freedman, D. A. (2005). What is the error term in a regression equation? UC Berkeley, (November) Fremont, A. (2007). Global maritime networks - the case of Maersk. Science Direct, Journal of Transport

Geography, 15(6), 431.

Gao, Ziyi & Yoshida, Shigeru. (2013). Analysis on industrial structure and competitive strategies in liner shipping industry. Journal of Management and Strategy, 4 (4), 12.

Hokroh, M. (2014). An analysis of the oil and gas industry’s competitiveness using porter’s five forces framework, Global Journal of Commerce & Management Perspective, 3(2), 76.

HSBC. (2015). Trade forecast report - global. HSCB & Oxford Economics, (2. Half 2015),

Jens Kengelbach, Alexander Roos & Georg Keienburg. (2014). Creating shareholder value with divestures.

BCG Perspectives,

Jens Kengelbach, Hady Faraq, & Bernhard Schwetzler & Christin Rudoplh. (2014). Invest wisely, divest strategically: Tapping the power of diversity to raise valuations. BCG Perspectives,

Klein, P. G. (2001). Were the acquisitive conglomerates inefficient? Journal of Economics, Vol. 32(4) Leland, H. E. (2007). Financial synergies and the optimal scope of the firm: Implications for mergers,

spinoffs, and structured finance. UC Berkeley,

Lewellen, W. (1971). A pure financial rationale for the conglomerate merger. Journal of Finance,

Osborne, Jason & Waters, Elaine. (2002). Four assumptions of multiple regression that researchers should always test. 8 (2),

Philip Beckmann, D. H., Ulrich Pidin, Harald Rubner, & Christin Rudolph & Bernhard Schwetzler. (2012).

The power of diversified companies during crises. BCG Perspectives,

Porter, M. E. (1985). The competitive advantage: Creating and sustaining superior performance. NY: Free Press,

Porter, M. E. (1980). Competitive Strategy: Techniques for Analyzing industries and competitors. NY: Free Press,

Ramachandran, J., & Manikandan, K.S. & Pant, Anirvan. (2013). Why conglomerates thrive (outside the U.S.). Harward Business Review, (December Issue)

Reinhardt, F. L., & Casadesus-Masanell, Ramon & Nellemann, Frederik. (2012). Maersk Line and the future of Container Shipping . Havard Business Review Case,

Rex, C., & Andersen, Mette & Kristensen, Ninna M. (2015 November). Shipping Market Review. February 7

Sanders, U., Riedl, J., Egloff, C., Lee, D., Kloppsteck, L., & Kolind, Jens & Italiano, Jannek. (2015).

Battling overcapacity in container shipping. BCG Perspectives

Servaes, H. (1996). The value of diversification during the conglomerate merger wave. Journal of Finance, Vol. 51

Stein, J. C. (1997). Internal capital markets and the competition for corporate resources. The Journal of Finance, Vol. 52 (1)

The Economist Intelligence Unit. (2014). Global merchandise trade scenarios to 2030. CREATING GLOBAL OPPORTUNITIES - Maersk Line Containerization 1973-2013

Williamson, O. E. (1975). Markets and hierarchies: Analysis and antitrust implications. The Free Press, REPORTS

ABB. (2015). Maritime cargo vessels - is bigger better? Retrieved February 8, 2016, from http://new.abb.com/turbocharging/maritime-cargo-vessels---is-bigger-better

Abbhi, A. (2015). Upstream oil and gas opportunities in key countries, Frost & Sullivan.

Alix Partners. (2016). Global oil and gas industry outlook. Retrieved April 17, 2016, from

http://www.alixpartners.com/en/Publications/AllArticles/tabid/635/articleType/ArticleView/articleId/18 78/Global-Oil-and-Gas-Industry-Outlook.aspx#sthash.QWWk993r.ejlncR6A.dpbs

Alphaliner. (2016). Top 100Alphaliner. Retrieved April 15, 2016, from http://www.alphaliner.com/top100/index.php

ATKearney Insights. (2012). Balancing the imbalance in container shipping, AT Kearney Insights.

BCG Perspectives. (2014). New research points to ways diversified companies can overcome the conglomerate discount, BCG Perspectives.

Berg-Munch, D. L. (2016, January 21). Wood Mackenzie: Olieinvesteringer for 380 mia dollars sløjfet.

Shippingwatch.Dk,

Bloomberg. (2016 23 March). Changing tides: The future of shipping. Bloomberg (Director).

Boomer. (2016). Least squares criteria. Retrieved April 17, 2016, from https://www.boomer.org/c/p3/c06/c0607.html

Collings, J. (2013). Ocean freight vs. airfreight, Shipping and Freight Resource.

Concho Energy. (2012). Horizontal Drilling. Retrieved April 15, 2016, from http://www.conchoenergy.net/horizontal-drilling.htm

Danish Ship Finance. (2012). Freight rates, supply and demand. Retrieved February 8, 2016, from http://www.shipfinance.dk/en/SHIPPING-RESEARCH/Introduktion/Fragtrater-udbud-og-efterspoergsel

DREWRY. (2016). Container shipping profitability to deteriorate in 2016. Retrieved February 14, 2016, from http://www.drewry.co.uk/news.php?id=435

DREWRY. (2013, September 3). Why size matters: Container ship economies of scale. Marinelink.Com, DREWRY. (2015 June 23). Top 3 carrier lines now have 38% of the Market Share, Drewry Shipping

Consultants Limited.

Duke University. Regression diagnostics: testing the assumptions of linear regression. Retrieved February 8, 2016, from http://people.duke.edu/~rnau/testing.htm

Engdahl, F. W. (2016). Rigging the oil market: ‘Perhaps 60% of Today’s oil price is pure speculation’, Global Research.

Frost, J. (2013). How to interpret regression analysis results: P-values and coefficients. Retrieved April 12, 2016, from http://blog.minitab.com/blog/adventures-in-statistics/how-to-interpret-regression-analysis-results-p-values-and-coefficients

GlobalPorts. (2016). Industry overview. Retrieved February 3, 2016, from

http://www.globalports.com/globalports/about-us/our-industry-overview/container-market/industry-overview

Harman, B. (2016). Oil and gas industry primer. Retrieved February 17, 2016, from http://www.investopedia.com/articles/07/oil_gas.asp

IEA. (2015). World energy outlook 2015, International Energy Agency.

IEA. (2016). Oil market report (Research Report No. April), International Energy Agency.

IFP. (2016). What are the main steps of an oil or gas field development project? Retrieved April 1, 2016, from

http://www.ifp-school.com/upload/docs/application/pdf/2015-02/3_main_steps_oil_gas_field_development.pdf

IMF eLibrary Data. (2016). World GDP Growth Rate, Retrieved March 24, 2016 from http://data.imf.org/?sk=b5cda530-07b8-46c6-b829-1827df8b49c7

Infill drilling glossary. Retrieved February 27, 2016, from

http://www.glossary.oilfield.slb.com/Terms/i/infill_drilling.aspx

Investopedia. (2016). The industry handbook: The oil services industry. Retrieved January 15, 2016, from http://www.investopedia.com/features/industryhandbook/oil_services.asp

Investopedia. (2016). Baltic dry index - BDI. Retrieved April 8, 2016, from http://www.investopedia.com/terms/b/baltic_dry_index.asp

Investopedia. (2016). Least squares method. Retrieved April 16, 2016, from http://www.investopedia.com/terms/l/least-squares-method.asp

Kloch, L. (2013, April). Is slow steaming good for the supply chain? Message posted to

http://www.inboundlogistics.com/cms/article/is-slow-steaming-good-for-the-supply-chain/).

Knoema. (2016). Crude oil price forecast: Long term 2016 to 2025. Retrieved March 10, 2016, from https://knoema.com/yxptpab/crude-oil-price-forecast-long-term-2016-to-2025-data-and-charts Kosakowski, P. (2016). What determines oil prices? Retrieved May 1, 2016, from

http://www.investopedia.com/articles/economics/08/determining-oil-prices.asp

Lloyd's list. (2016). 2M Alliance. Retrieved March 12, 2016, from https://www.lloydslist.com/ll/topic/2m/

Maerst Broker. (2016 April). Container market - weekly report. Retrieved April 22, 2016, from http://www.soefart.dk/app/doc/Container_Market.pdf

Market Line. (2016). Global crude oil industry analysis, Market Line.

OilPrice.com. (2016). A detailed guide on the many different types of crude oil. Retrieved March 27, 2016, from http://oilprice.com/Energy/Crude-Oil/A-Detailed-Guide-On-The-Many-Different-Types-Of-Crude-Oil.html

OilVoice. (2016). Infill drilling. Retrieved April 8, 2016, from http://www.oilvoice.com/glossary-word/Infill-Drilling/d6b977d.aspx

Parsa, H. (2016). Industry showcase. Retrieved January 17, 2016, from

http://www.columbia.edu/cu/consultingclub/Resources/Oil&NaturalGas_Hesam_Parsa.pdf Perkins, R. (2013). Subsalt pinch. Retrieved April 5, 2016, from

https://www.platts.com/IM.Platts.Content%5Caboutplatts%5Cmediacenter%5Cpdf%5Cinsightdec13_b razil.pdf

Petroleum industry. (2016). Retrieved March 10, 2016, from http://www.petroleum.co.uk/petroleum-industry

Quandl. Lloyds Baltic Dry Index (BDI). Retrieved January 15, 2016, from https://www.quandl.com/data/LLOYDS/BDI-Baltic-Dry-Index

Roy, S. (2013). Natural gas now A byproduct of oil drilling; output to climb as long as oil prices stay high.

Retrieved May 1, 2016, from http://www.etf.com/sections/features-and-news/5339-natural-gas-now-a-byproduct-of-oil-drilling-output-to-climb-as-long-as-oil-prices-stay-high

Simister, P. (2011). Advantages & disadvantages of value chain analysis. Retrieved March 2, 2016, from http://www.differentiateyourbusiness.co.uk/the-advantages-disadvantages-of-value-chain-analysis Statista. (2015). Retrieved February 8, 2016, from

http://www.statista.com/statistics/253943/container-penetration-in-global-maritime-transport/

Statista. (2016). Estimated containerized cargo flows on major container trade routes in 2014, by trade route (in million TEUs). Retrieved February 9, 2016, from

http://www.statista.com/statistics/253988/estimated-containerized-cargo-flows-on-major-container-trade-routes/).

The Economist. (2008). Economies of scale and scope. The Economist

The Economy Forecast Agency. (2016). Oil price forecast for 2016 and 2017. Retrieved March 2, 2016, from http://longforecast.com/brent/crude-oil-forecast-for-2015-2016-and-2017.html

U.S. Department of Energy. Retrieved May 5, 2016, from

http://www.fe.doe.gov/education/energylessons/coal/gen_howformed.html U.S. EIA. (2016). Global crude oil prices, Energy Information Administration Woodmac. (2016). Pre-FID 2016: US$380bn of CAPEX deferred.

World Bank. (2016). Commodity markets outlook

World Shipping Council. (2016). Container shipping in ten steps. Retrieved January 28, 2016, from

http://www.worldshipping.org/about-the-industry/how-liner-shipping-works/the-step-by-step-process).

Yahoo Finance. A.P. Møller Mærsk A/S, (MAERSK-B.CO). Retrieved January 15, from

http://finance.yahoo.com/q/hp?s=MAERSK-B.CO&a=00&b=3&c=2000&d=03&e=-9&f=2016&g=m ANNUAL REPORTS –MAERSK GROUP

Annual report (2003). Maersk Group.

Annual report (2004). Maersk Group.

Annual report (2005). Maersk Group.

Annual report (2006). Maersk Group.

Annual report (2007). Maersk Group.

Annual report (2008). Maersk Group.

Annual report (2009). Maersk Group.

Annual report (2010). Maersk Group.

Annual report (2011). Maersk Group.

Annual report (2012). Maersk Group.

Annual report (2013). Maersk Group.

Annual report (2014). Maersk Group.

Annual report (2015). Maersk Group.

ANNUAL REPORTS –COMPETITORS Annual report (2014). Anadarko Annual report (2015). Anadarko Annual report (2014). Apache Annual report (2015). Apache Annual report (2013). CMA CGM Annual report (2014). CMA CGM Annual report (2015). CMA CGM Annual report (2013). COSCO Annual report (2014). COSCO Annual report (2015). COSCO Annual report (2013). Evergreen Line Annual report (2014). Evergreen Line Annual report (2013). Hapag-Lloyd Annual report (2014). Hapag-Lloyd Annual report (2015). Hapag-Lloyd Annual report (2014). Hess Corporation

Annual report (2015). Hess Corporation Annual report (2014). Marathon Oil Annual report (2015). Marathon Oil Annual report (2014). Murphy Oil Annual report (2015). Murphy Oil Annual report (2014). Noble Energy Annual report (2015). Noble Energy

Annual report (2014). Occidental Petroleum Annual report (2015). Occidental Petroleum Annual report (2014). Tullow

Annual report (2015). Tullow

OTHER REFERENCES

A.P. Møller Fonden. (2016). Om fonden. Retrieved January 15, 2016, from http://www.apmollerfonde.dk/om-fonden.aspx

Al Jazeera. (2015, December 13). Why is OPEC refusing to cut oil production? Al Jazeera,

Ambrose, J. (2016, February 05). Oil prices to rise to $70 by 2018, says Morgan Stanley. The Telegraph, Ambrose, J. (2016, February 08). Oil trader Vitol says market may never see $100 a barrel again. The

Telegraph,

Andersen, O. (2015, May 6). Maersk oil: Vi bliver udfordret i Qatar. Shippingwatch.Dk,

Andersen, O. (2013, February 8). Competitors go after Maersk where it hurts. Shippingwatch.Com, Andersen, O. (2014, August 5). Introducing Maersk Line's new neapolitan partner. Shippingwatch.Com, Andersen, O. (2016, February 2). Alphaliner: French-Chinese alliance threatens 2M. Shippingwatch.Com, Andersen, O. (2016, March 21). Store ordrebøger tvinger redere til ny strategi. Seaintel,

Barnard, B. (2014, September 9). MSC set to oust Maersk as top carrier in 2016. JOC.Com, Benoit, D. (2016, May 3). The hottest metric in finance: ROIC. The Wall Street Journal, Blackmon, D. (2013, January 28). Horizontal drilling: A technological marvel ignored. Forbes,

Bonney, J. (2016, February 23). Evergreen’s changes leave Chang succession unclear. JOC.Com, Bowler, T. (2015, January 19). Falling oil prices: Who are the winners and losers? BBC News, Braden, D. (2016, February 22). China COSCO shipping aims to become third-largest container line.

JOC.Com,

Bradford, M. (2008, May 18). Oil industry grapples with labor shortage. Business Insurance, BFP (2008). Oil consumption. Retrieved April 1, 2016, from

http://www.bpf.co.uk/Press/Oil_Consumption.aspx

Chambers, S. (2016, March 24). Hanjin shipping confirms asset sales are on the cards. Splash247,

Christensen, T. B. (2016, February 2). Maersk Oil nedskriver med 2,6 milliarder dollars. Shippingwatch.Dk CMA CGM. (2013). CMA CGM: A successful acquisition strategy. Retrieved March 23, 2016, from

http://www.cma-cgm-blog.com/cma-cgm-global-company-subsidiaries-acquisitions/).

CMA CGM. (2016). About us. Retrieved March 23, 2016, from https://www.cma-cgm.com/the-group/about-us/presentation

CMA CGM. (2016). Business - ocean three: A new three-party alliance. Retrieved March 7, 2016, from https://www.cma-cgm.com/media/magazine-article/25/business-ocean-three-a-new-three-party-alliance COSCO. (2016). Business areas. Retrieved March 23, 2016, from http://en.cosco.com/col/col778/index.html COSCON. (2015 December 11). COSCON and CSCL will restructure and integrate in order to reshape

china's shipping industry.

Costas, P. (2015, June 5). Maersk CEO predicts big squeeze for small container-ship operators. The Wall Street Journal

Cunningham, N. (2016, March 18). Supply outages in OPEC countries push up oil prices. OilPrice.Com, DiChristopher, T. (2015, December 3). Kilduff: Why Saudi Arabia won't cut oil output. CNBC,

Energistyrelsen. (2016). Nordsøaftalen med A.P. Møller-Mærsk. Retrieved March 4, 2016, from

http://www.ens.dk/politik/dansk-klima-energipolitik/politiske-aftaler-pa-energiomradet/nordsoaftalen-ap-moller-maersk

Evergreen Line. (2011). Awarded prestigious environmental award. Retrieved March 23, 2016, from http://www.evergreen-line.com/tuf1/jsp/TUF1_Html.jsp?page=TBN1_110803.jsp

Faucon, B. (2015, December 23). OPEC report suggests oil-price rebound, supply cut. The Wall Street Journal,

Faucon, B. (2016, April 13). OPEC sees faster drop in oil supply outside the cartel. The Wall Street Journal, Friis, L. (2015, September 10). Mærsks oliedel skifter strategi og vil købe op. Børsen,

Friis, L. (2016, April 12). Formanden åbner for historiske omvæltninger i mærsk. Business.Dk,

Geiger, F. (2015, November 3). Hapag-Lloyd raises $300 million with IPO price revised downward. The Wall Street Journal,

Hansen, J. C. (2016, April 11). Det taler de om internt på Esplanaden. Business.Dk Hapag-Lloyd. (2016). History. Retrieved March 23, 2016, from

https://www.hapag-lloyd.com/en/about_us/history_between_1886_1918.html

Hapag-Lloyd. (2016). About us. Retrieved March 23, 2016, from https://www.hapag-lloyd.com/en/about_us/overview.html

Hargreaves, S. (2007, April 17). Behind high gas prices: The refinery crunch. CNN,

Hartkopf-Mikkelsen, J. (2016, March 23). Hapag-Lloyds CEO vil udvide samarbejde i alliance.

Shippingswatch.Com,

Hovland, K. M. (2015, October 23). Maersk issues profit warning on weaker shipping market. The Wall Street Journal,

Investor Maersk. (2016). Storaktionærer. Retrieved January 16, 2016, from http://investor.maersk.com/da/ownership-profile.cfm

JOC.com. (2016). COSCO. Retrieved March 23, 2016, from http://www.joc.com/maritime-news/container-lines/cosco

Johnsen, M. (2015, July 9 (2)). Investorer: Krise for investeringer i Maersk. Shippingwatch.Dk, Johnson, M. (2015, July 9). Investeringskrise i Mærsk. Finans.Dk,

Johnson, M. (2015, February 5). Maersk ready for new oil investments. Shippingwatch.Com,

Knudsen, J. B. (2016, March 8). Analysts anticipate new major sale from Maersk. Shippingwatch.Com, Kremer, W. (2013, February 19). How much bigger can container ships get? BBC,

Kristiansen, T. (2014, October 22). Maresk Line holder fast i slow steaming. Shippingwatch.Dk, Larsen, K. B. (2009, September 3). Mærsks A-aktie er billigere og mere værd. Børsen,

Lloyd's list. (2014, Decemeber 12). Aponte family, Mediterranean Shipping Company. Lloyd's List, Macdonald, A. & Amon, M. (2016, January 13). Tullow revamps business to cope with low crude prices.

The Wall Street Journal,

Maersk. (2014). Maersk Line announces cooperation on the east-west trades with MSC. Retrieved February 2, 2016, from

http://www.maersk.com/en/the-maersk-group/press-room/press-release-archive/2014/7/maersk-line-announces-cooperation-on-the-east-west-trades-with-msc

Maersk. (2014). Towards a premium conglomerate. Retrieved March 4, 2016, from

http://www.maersk.com/en/markets/2014/september/towards-a-premium-conglomerate Maersk. (2015). The group gains strength. Retrieved March 4, 2016, from

http://www.maersk.com/en/markets/2015/03/the-group-gains-strength

Maersk. (2015). Reliability: Maersk line remains top quartile performer. Retrieved March 11, 2016, from http://www.maerskline.com/en-cm/countries/int/news/news-articles/2015/08/reliability-top-quartile-performer

Maersk, T. &. T. (2016). Transport & trade. Retrieved February 7, 2016, from http://www.maersk.com/en/industries/transport

Maersk. (2016). The Maersk Group. Retrieved February 8, 2016, from http://www.maersk.com/en/the-maersk-group/about-us

Maersk. (2016). Procurement for suppliers. Retrieved March 12, 2016, from http://www.maersk.com/en/the-maersk-group/procurement

Maersk. (2016). Smart containers listen and talk. Retrieved February 24, 2016, from http://www.maersk.com/en/the-maersk-group/about-us/publications/group-annual-magazine/2015/smart-containers-listen-and-talk

Maersk Line. (2015). 2015 Q2 fact sheet. Retrieved March 28, 2015, from http://www.maerskline.com/ar-qa/about/~/media/366C16618A934164A5894293AA525DDC.ashx).

Maersk Line. (2016). About us. Retrieved January 16, 2016, from http://www.maerskline.com/da-dk/about/facts-figures

Maersk Line. (2015). Capital markets day presentation. Retrieved April 25, 2016, from http://investor.maersk.com/capital_market_events.cfm

Maersk Line. (2016). Maersk Line's new east-west network. Retrieved March 9, 2016, from

http://www.maerskline.com/en-jm/shipping-services/routenet/maersk-line-network/east-west-network Maersk Line Limited. (2016). Suppliers. Retrieved February 10, 2016, from

http://www.maersklinelimited.com/working-with-mll/suppliers/

Maersk Maritime Technology. (2014). Triple-E set new standards. Retrieved February 22, 2016, from http://www.maersktechnology.com/en/all-stories/triple-e

Maersk Oil. (2013). Company profile. Retrieved April 25, 2016, from http://www.maerskoil.com/documents/company-profile.pdf

Maersk Oil & Gas. (2015). Capital markets day presentation. Retrieved April 25, 2016, from http://investor.maersk.com/capital_market_events.cfm

Maersk Oil. (2016). About us. Retrieved January 15, 2016, from http://www.maerskoil.com/about-us/Pages/about-us.aspx

Maersk Oil. (2016). Enhanced oil recovery (EOR). Retrieved May 4, 2016, from

http://www.maerskoil.com/technology/oil-recovery/pages/improved-and-enhanced-oil-recovery.aspx Maersk Oil. (2016). Improved and enhanced oil recovery. Retrieved May 7, 2016, from

http://blog.maerskoil.com/post/74376551673/improved-and-enhanced-oil-recovery#.VzcJjxV96Rs Maersk Oil. (2016). Maersk oil to reduce the Chissonga organization. April 17, from

http://www.maerskoil.com/media/newsroom/pages/maerskoiltoreducethechissongaorganisation.aspx Maersk Oil. (2016). Operations. Retrieved January 8, 2016, from

http://www.maerskoil.com/operations/pages/operations.aspx

Marie, G. V. (2016, February 2). More turbulent water ahead as container shipping industry faces a $5bn loss this year. The Load Star,

Marie, G. V. (2016, April 1). Now amazon buys containerships, and with drones will redefine the concept of 'near-shoring'. The Load Star,

Mikkelsen, Ole & Jensen, Teis. (2014, August 19). Maersk to buy back shares for first time, earnings rise.

Reuters,

Milne, R. (2014, November 23). Maersk chief warns over lossmaking rivals. Financial Times,

Morris, D. Z. (2015, February 2). Why megaships suddenly dominate the ocean shipping industry. Fortune, MSC. (2016). About us. Retrieved March 21, 2016, from https://www.msc.com/dnk/about-us/msc-group MSC. (2016). Our heritage. Retrieved March 21, 2016, from

https://www.msc.com/dnk/about-us/our-heritage

MyMaerskLine. (2016). Documentation feature. Retrieved March 12, 2016, from https://my.maerskline.com/explore#tab_documentation-feature

Naesby, M. (2010, January 9). Horizontal drilling enables development of complex Al Shaheen field.

Offshore Mag,

New Europe. (2011, December 4). Maersk reaps profits and praise by taking it slow. New Europe, Norton, S. (2015, May 15). Maersk takes procurement to the cloud. The Wall Street Journal,

OPEC. (2016). About us. Retrieved March 2, 2016, from http://www.opec.org/opec_web/en/about_us/24.htm OurEnergyPolicy. (2016). Energy sources over time. Retrieved January 10, 2016, from

http://www.ourenergypolicy.org/wp-content/uploads/2014/02/Energy-Sources-Over-Time.png Paris, C. (2015, September 30). Maersk Line to track refrigerated containers with AT&T technology. The

Wall Street Journal,

Paris, C. (2016, February 10). Shipping firms swamped in trade slowdown. The Wall Street Journal,

Pasetti, A. (2015, February 26). Maersk sells Danske Bank stake - more to come in 'non-core' divestment strategy? The Load Star,

Pasetti, A. (2016, March 15). Analysis – how long before CMA CGM heads to the stock market? The Load Star,

Porretto, J. (2009, March 28). Hard times mean new opportunities for big oil. The Reading Eagle, Randall, T. (2016, February 24). Another oil crash is coming, and there may be no recovery. Bloomberg, Rapoza, K. (2016, May 2). China's declining oil demand not hurting oil prices. Forbes,

Raun, K. G. (2015, January 15). Analysts: Oil industry about to make the real cuts. Shippingwatch, Raun, K. G. (2015, September 16). Maersk oil afskediger ansatte i prestigeprojekt i angola. Energiwatch, Raun, K. G. (2014, June 17). China rejects P3 alliance. Shippingwatch.Com

Reuters. (2015, May 6). Qatar invites oil firms to bid for Al Shaheen field in blow to Maersk, Rigzone, Reuters. (2015, February 2). Maersk likely to divest more companies. Maritime-Executive,

Rind, H. M. (2015, March 18). Cost efficiency to determine shipping lines profitability. The News, Ritzau. (2016, April 4). Regeringen vil give mærsk bedre betingelser. Danmarks Radio,

Ritzau Finans. (2015, March 9). Maersk Line har droppet daily Maresk. Shippingwatch.Dk, Ritzau Finans. (2016, January 20). Mærsk-boss: Vi er klar til at udnytte den lave oliepris, Børsen,

Ritzau Finans. (2016, April 15). Analytiker: Svagt første kvartal i mærsk er blot et blip på radaren. Børsen, Ritzau Finans. (2016, February 11). Analytikere skærer i kursmål på mærsk. Børsen,

Ritzau Finans. (2016, January 13). Mærsk: Udlejere af containerskibe presses hårdt i 2016. Børsen, Ritzau Finans. (2016, January 19). Saxo bank: Rusland kan blive olieprisens frelser. Børsen,

Rizau Finans. (2016, January 19). IMF sænker vækstskøn for den globale økonomi i 2016 og 2017. Børsen, Rossau, K. (2014, July 8). Analytiker: Olie-opkøb har været meget dyre for mærsk. Berlingske Business, Rostgaard, A. (2016, January 18). Iran pumper olie ud: Stor usikkerhed om olieprisen. Børsen,

Seeking Alpha. (2015, May 15). A.P. Møller-Maersk: Best of a bad bunch. Seeking Alpha, Seerup, T. J. (2015, November 9). Mærsk køber olieprojekter i Afrika for milliarder. Tv2,

Shenk, M. (2016, April 6). Oil surges as crude supply unexpectedly drops from 86-year high. Bloomberg,

Ship & Bunker. (2015, November 4). Maersk line to cut 4,000 jobs, reduce network capacity, pass on 19,000 TEU mega-Ship Options. Ship & Bunker,

Skjerning, Anne & Askjær, Thomas, H. (2016, March 2). Maersk Line gør op med kæmpeskibe. Børsen U.S. Energy Information Administration. (2015). When was the last refinery built in the united states?.

Retrieved February 27, 2016, from https://www.eia.gov/tools/faqs/faq.cfm?id=29&t=6 Vidal, J. (2006, February 8). Sweden plans to be world's first oil-free economy. The Guardian, Vogdrup-Schmidt, L. (2014, July 10). Maersk executive: Why MSC is the best partner for us.

Shippingwatch.Com,

Wacket, M. (2016, March 23). Container shipping consolidation "a route to survival" but not if customers are lost in the process. The Load Star,

Wackett, M. (2016, March 17). Hyundai merchant marine on the verge of bankruptcy as creditors reject debt rescheduling. The Load Star,

Wienberg, C. (2014, August 19). Maersk raises 2014 profit forecast on container increase. Bloomberg, Wright, R. (2009, September 3). Maersk moves to invest outside core line. Financial Times,

Wyman, O. (2011, October 29). Big Oil’s bigger brothers. The Economist,

In document Finance and Strategic Management (Sider 124-138)