Damco, Maersk Group’s logistics unit, has started operations at the first international container freight station in Myanmar.
Damco
Damco
Damco, the third-party logistics subsidiary of Maersk Group, provides freight forwarding and logistics solutions from its headquarters in The Hague, Netherlands. Damco news and analysis. Get the latest news about Damco and international logistics industry.
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Press Releases
04 Apr 2014
Jason Bergman, Damco’s vice president of strategic sales for North America, discusses how supply chain procurement has changed and increased in complexity, Damco's focus on the global market, and the challenge of commoditization of some services.
27 Feb 2014
Maersk Line today posted a lower profit for the fourth quarter of 2013, but its full-year profit tripled, thanks to higher volumes and steep cost cuts, which offset lower freight rates.
06 Jan 2014
Maersk Tankers has sold its fleet of 15 very large crude carriers to Euronav, a Belgian tanker operator, for $980 million, allowing A.P. Moller-Maersk to focus on its core businesses.
13 Nov 2013
Damco’s profit collapsed to $1 million in the third quarter of 2013, from $15 million a year ago, driven by higher restructuring and overhead costs.
29 Oct 2013
Damco has named Hanne B. Sørensen as CEO, effective Jan. 1, 2014.
24 Sep 2013
Hapag-Lloyd has recruited Rolf Habben-Jansen, the head of Damco, A.P. Moller-Maersk’s global logistics unit, to succeed Michael Behrendt, CEO of the German ocean carrier.
26 Aug 2013
Samuel Israel has been appointed regional CEO for Damco’s Latin America region.
21 Aug 2013
Damco has commenced offering its customers access to Myanmar, after being granted a permanent license to operate under its own legal entity in the Southeast Asian nation.
19 Aug 2013
Damco slumped to a second quarter loss of $8 million from a $28 million profit a year earlier, as lower ocean container traffic more than offset strong growth in its air freight and supply chain management operations.
17 May 2013
Damco’s profit slipped on increased revenue in the first quarter as the global freight forwarding and logistics group saw air freight tonnage soar while ocean container traffic stalled.
19 Apr 2013
Damco has appointed Helmut Kaspers chief commercial officer of its West Europe region.
05 Apr 2013
Damco has opened a second container freight station warehouse facility in Cambodia, following the launch of Damco CFS Warehouse 1 in August 2011.
03 Apr 2013
Mark Michaels, Chief Commercial Officer, Damco, discusses how the TPM sponsor’s business is developing, the increasing complexity of supply chains, and near-shoring as an alternative for companies looking to diversify their sourcing.
29 Mar 2013
Damco has announced several appointments to expand the third-party logistics provider’s presence in the region...
22 Feb 2013
Damco’s net operating profit fell to $55 million in 2012 from $63 million in 2011 as slimmer margins at the global freigh
23 Jan 2013
Freight forwarding and supply chain management company Damco will move its headquarters from Copenhagen, Denmark, to The Hague in the Netherlands in February, and will also implement several senior-level management changes.
17 Jan 2013
Ocean shipping slot shortages are likely to develop on some high demand loops from Asia in the run-up to Chinese New Year
16 Jan 2013
As ocean shipping volumes and rates rise on trades out of Asia in anticipation of the traditional factory shutdown on Feb
07 Dec 2012
Low backhaul container freight rates from Africa to Asia are prompting the containerization of some minor bulk cargoes, a
12 Nov 2012
Freight forwarding and supply chain service provider Damco, part of A.P. Moller-Maersk, today reported profit in the third quarter of $212 million.
05 Nov 2012
Freight forwarding and supply chain management company Damco recently appointed Ivan Thuynsma as global head of mining and Leo Bischoff as global head of technology.
03 Oct 2012
Damco has appointed Pernille Fabricus global chief financial officer of the logistics arm of Denmark’s A.P. Moller-Maersk group.
29 Aug 2012
Damco hired long-time logistics executive Steve Hoffman as global head for the industrial vertical sector.
15 Aug 2012
Damco’s earnings before interest and taxes jumped 42 percent to $51 million as air freight revenue more than doubled and net revenue increased 12 percent to $1.543 billion.
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