faster than ships are being built. By buying another large company, Mærsk will be able to expand its capacity by a third. With this purchase, Mærsk will be by far the largest single shipping company and the largest container line in the world with more than 550 vessels. From 11 May to 24 June 2005, Mærsk acquired 19.4% of Royal P&O Nedlloyd stocks. June 2005: Odense Yard produces the Gudrun Mærsk for the Mærsk fleet, again setting a world record for biggest and longest container ship. It will serve on the Europe–Far East liner service. 29 June 2005: P&O sells its last 25% share of Nedlloyd stocks to A.P. Møller and the two Scandinavian banks Danske Bank and Nordea. 29 June 2005: A.P. Møller subsidiary Norfolkline acquires the Irish sea ferry operator Norse Merchant Ferries with 9 ships. 30 June 2005: A.P. Møller-Mærsk agrees to sell Maersk Air to Fons Eignarhaldsfélag, Iceland. 11 August 2005: A.P. Møller-Mærsk announces that the purchase of Royal P&O Nedlloyd N.V. has been completed. The company will be merged with Mærsk-Sealand. Royal P&O Nedlloyd has a fleet of 162 container vessels with . From February 2006, the new company will be named Mærsk Line. P&O Nedlloyd Logistics and Mærsk Logistics will be merged under the name Mærsk Logistics. May 2006: The Volkswerft Stralsund delivers the first of a series of seven very fast 29 kn Panamax Container ship, the Maersk Boston. 12 August 2006: Maersk again exceeds the world record for largest container ship with the Emma Mærsk built at Odense Steel Shipyard. 3 March 2007: Evelyn Mærsk launched, joining sister ships Emma Mærsk, Elly Mærsk, Eleonora Mærsk, and Estelle Mærsk. 8 January 2008: Maersk Line, the container shipping division of the A.P. Moller - Maersk Group, announces details of its new streamLINE strategy to drive the turnaround of the business and return to sustainable profitability. There will be a reduction of 2–3,000 positions worldwide, along with a reduction in the number of regional organizations. February 2011: Maersk announced orders for a new "Triple E" series of containerships, which would be the world's largest (at 18,000 TEU), with an emphasis on lower fuel consumption. 14 February 2014: Accident in the Bay of Biscay: Container ship Svendborg loses about 520 40'-containers, 85% of them empty, others containing non-dangerous goods in a 60 knot storm. 2017: By the summer of 2017, A.P. Moeller-Maersk A/S was the world's