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.
15 Oct 2013
Damco has appointed Tommy Mølgaard as global CFO.
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.