Royal P&O Nedlloyd shares terminated trading on 5 September. In February 2006, the new combined entity adopted the name "Mærsk Line". At the time the company was folded into A.P. Moller, it owned and chartered a fleet of over 160 vessels. Its container fleet, consisting of owned and leased vessels, had a capacity of . Royal P&O Nedlloyd N.V. had 13,000 employees in 146 countries. By the end of 2006, Maersk global market share had fallen from 18.2% to 16.8%, at the same time, the next two largest carriers increased their market share, MSC went from 8.6% to 9.5% and CMA CGM from 5.6% to 6.5%. In January 2008, Maersk Line announced drastic reorganisational measures. Three years after the take over of P&O Nedlloyd the Maersk Line corporate streamline strategy, based on the Lean Six Sigma process excellence principles, is following the best practices of the P&O Nedlloyd legacy, which at the time of its take over already had a system of globally standardised business processes and one single IT application to support this. Common consensus within the industry viewed that the desire of the P&O Nedlloyd board to maximise personal capital and thus consolidate the company's needs based within the desires of what the market required in the mid 2000's culminated in the jettison of one the Country's most recognizable and most famous company brands as being a source of great disappointment. It was privately noted that at the time The Queen and other members of the British Royal family were concerned by the impact this would have on the United kingdom's Merchant Navy at the time Heritage Items of P&O Nedlloyd and its predecessors' historical heritage are displayed at both the Maritime Museum Rotterdam and the National Maritime Museum in London. Gallery References Notes Bibliography External links PONLHeritage Website SCARA (OCL/P&OCL/PONL) staff association P&O Nedlloyd Videos Maersk Line Website Container shipping companies of the Netherlands Container shipping companies Container shipping companies of the United Kingdom Defunct shipping companies P&O (company) Maersk Defunct shipping companies of the United Kingdom Defunct transport companies of the Netherlands 2005 mergers and acquisitions