DAMCO Partners with Paramount Export Company as Refrigerated Logistics Service Provider

DAMCO Partners with Paramount Export Company as Refrigerated Logistics Service Provider

Mark Byrne
Damco USA Inc.
Tel: +1-973-514-5126
Email: mark.byrne@damco.com

Madison, New Jersey, December 28, 2010 – Damco, a global leader in supply chain solutions and freight forwarding has formed a partnership with Paramount Export Company based in Oakland, California which is a leader in the export of quality fresh fruits and vegetables. Paramount Exports works closely with some of the best growers and packers in the industry.

As their logistics solutions provider, Damco will support Paramount Export Company with its with value-added service for their refrigerated ocean logistics needs, providing visibility channels of their supply chain including transportation models which include forwarding, consolidation, and document management.

This selection of Damco by Paramount Export Company was made possible owing to Damco’s expertise in refrigerated cargo management which includes a global team of Reefer specialists offering customized solutions from single corridor port-to-port to multiple corridor door-to-door solutions with full end-to-end visibility.

Damco will continue to provide solutions and cater to their logistics needs in the U.S., primarily to Panama and Chile.

"We are very pleased to extend our scope of services to Paramount Export Company, where their continued success is predicated on representing some of the finest growers in the industry. Damco looks forward to delivering premium refrigerated logistics services to Paramount in order to assist them with their momentum on margin growth and expect a long and positive partnership in the future," said Jeremy Haycock, President of Damco in North America.

About Paramount Export Company
Paramount Export Company has been the "eyes, ears, and taste buds" of discriminating food buyers around the globe for over 70 years. Our attention to detail and careful selection of quality fruits, vegetables and food products has helped us develop a customer base that literally "spans the world." Our mission is to find the product that meets our customer's exact requirements.
Paramount Export Company works closely with growers, packers and manufacturers to market their products to maximize returns and opportunities.
Visit www.paramountexport.net for more information.

About Damco

Damco is one of the world’s leading third party logistics provider and an independent business unit within the A.P. Moller - Maersk Group.

Damco offers a broad range of freight forwarding services and supply chain solutions to customers all over the world. The company has 10,500 employees in over 280 offices across 90 countries and representation in 120 countries in Africa, Asia, Australia, North America, Middle East, and Latin America. In 2009, the company had a net turnover of over USD 2 billion, managed more than 2.3 million TEU of ocean freight and supply chain management volumes and air freighted more than 60,000 tons.

For more information, please visit www.damco.com
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Forward-Looking Statements
This document contains a forward-looking statement which is based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Actual future results and trends may differ materially from historical results or those projected in the forward looking statement depending on a variety of factors including but not limited to changes in customer demand for Damco services caused by a general economic slow-down, inventory build-up, decreased consumer confidence, volatility in equity markets, or the unpredictable acts of competitors.