While A.P. Møller was working in St. Petersburg during 1899-1903, father and son discussed the possibility to set up a new steamship company. The result was the Steamship Company Svendborg, today’s A.P. Moller – Maersk. Peter Mærsk Møller was instrumental in acquiring the needed share capital to buy the company’s first ship in 1904 and remained interested in the business as it evolved until his death in 1927.