Logistics Provider Damco Reports Positive Half-year 2012

Press Release
Tuesday, August 21, 2012

Damco  announce continued good progress moving into the second half of 2012 despite tough conditions in the global freight markets.

Damco is part of the A.P. Moller - Maersk Group, and specializes in customised freight forwarding and supply chain solutions.

Damco’s net revenue grew by 12% to 1,543 USD million compared to the same period last year. Gross profit is up 5% to USD 379 million. Damco´s EBIT for the first half of 2012 grew 42% to USD 51 million.

In the first half of 2012, Damco’s ocean freight volumes increased 9% compared with the same period in 2011, whilst airfreight tonnage growth was 135%. The latter includes the effects of the acquisition of the Chinese air freight forwarder NTS, but the underlying organic growth was still 42%. Damco’s supply chain management volumes increased 3% during the first half of 2012, driven by new recently secured accounts that started to ship with Damco in Q2.

“Our results continue on the right path. Year-on-year our new business wins are up by over 20%. We continue to win more and more regular customers in our target industry verticals – despite the challenging market conditions in a number of key markets”, Rolf Habben Jansen, CEO of Damco, commented. 
“We expect that for the full year 2012 we will deliver above market growth in all of our main products – and our EBIT in 2012 will again be better than in 2011,” concludes Rolf Habben-Jansen."


Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Zim plans Wall Street IPO

Israel’s Zim Integrated Shipping Services has hired two banks to carry out its initial public offering (IPO) in the US, Bloomberg reported.   Zim Integrated

Amid Commodity Crisis, LPG Emerges as Accidental Bright-spot

Liquefied Petroleum Gas, long a niche product used by the poor to cook and the rich to barbecue, has become a rare bright spot amid a broad commodities rout, riding

Urals Weakens Further in Baltic

Russian Urals crude differentials continued to slide in the Baltic on Thursday amid a flurry of activity with softer refining margins, pushed down by higher oil prices, still keeping buyers at bay.

People in the News

Captain of Ill-fated El Faro was Known as Trusted Mariner

The captain of the ill-fated cargo ship that sank in a hurricane off the Bahamas with no survivors last week was an experienced and highly trusted mariner who had spent a lifetime on the water,

Cordero Reconfirmed as FMC Commissioner

Mario Cordero was reconfirmed today as a U.S. Federal Maritime Commissioner.   Cordero joined the Federal Maritime Commission (FMC) as a Commissioner on June 3,

Chiarello: TOTE Continues Support to El Faro Families

Anthony Chiarello, President & CEO of TOTE, owner of the cargo ship presumed to have sunk with 33 mariners aboard last week amid Hurricane Joaquin, issued a statement


Zim plans Wall Street IPO

Israel’s Zim Integrated Shipping Services has hired two banks to carry out its initial public offering (IPO) in the US, Bloomberg reported.   Zim Integrated

Tsakos Fixes Three LR2s on Timecharter

Crude, product and LNG tanker operator Tsakos Energy Navigation Ltd (TNP) announced the charter for an average of 36-months per vessel for its three LR2 Aframax

Container Shipping: Volumes Up, But...

The container shipping market may find comfort in the fact that global volumes were up by 1.1% in the first six months of 2015. Following a disastrous first quarter,

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.5413 sec (2 req/sec)