Damco, the combined logistics subsidiary of A.P. Moller-Maersk Group, opened an office in the Republic of Djibouti, which borders on the Red Sea and the Gulf of Aden and serves as a gateway to landlocked Ethiopia. Damco now has 32 offices in 26 countries south of the Sahara.
The country is a free trade zone and its position on the major East-West trade lane between Europe, the Middle East and Asia makes it a key transportation hub for northeast Africa.
The port city of Djibouti has modern shipping terminals whose primary source of income is trade with Ethiopia. The country is “very closely linked with the economies of the Middle East where Damco also has a strong presence,” said Nils Havsager, CEO of Damco Africa. “The opening of the Djibouti office follows on from Damco's expansion into Zimbabwe and Mozambique at the end of 2009 and re-affirms Damco's commitment to Africa as well as our strategy of expanding the company's presence in emerging markets."
"Damco will be launching a number of reefer solutions, providing a competitive mode of transport, supporting customers in Ethiopia,” said Mandeep Singh, head of Damco's Djibouti operations.
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