Latest news from Heavy Lift & Project Forwarding International Magazine

Damco sees revenue and gross profit gains

May 23 - Damco has reported a 6 percent year-on-year revenue increase in Q1 2013 to USD773 million; with gross profit growing 5.4 percent to USD195 million. However, earnings before interest and tax during Q1 2013 totaled USD9 million - down 30.7 percent

Damco was not willing to provide details of its specific performance in the heavy and out of gauge sector of its business, but said that air freight volumes grew by 15 percent over 2012 levels, enhanced by Damco's acquisition of Pacific Network Global Logistics (PACNET) during Q4 2012. However, ocean freight volumes were up only slightly in comparison to Q1 2012 at a growth rate of 1 percent. Damco's supply chain management volume growth grew 10 percent year-on-year in Q1 2013, driven by new customer acquisition and a strong pre-Chinese New Year volume uptake.


Damco ceo said that Rolf Habben-Jansen said that the company has made investments in its business model to make it scalable and to enable further profit growth in the coming years.

Looking ahead, Habben-Jansen explains that Damco will continue to simplify its business and raise operational efficiency. Damco also expects to widen its geographical footprint, expanding its network of offices from 350 to 600 over the next three years.

www.damco.com

Heavy Lift | News

FROM THE MAGAZINE: Road rules drive cargoes on to rail thumbnail image

FROM THE MAGAZINE: Road rules drive cargoes on to rail

June 24 - Germany is seeing more project cargoes switching to rail as road regulations are more strictly enforced, while in Russia the sheer distances involved ensure the economic advantages of rail, writes Yvonne Mulder.
Views: 280
Qatar Airways boosts B777 capacity thumbnail image

Qatar Airways boosts B777 capacity

June 24 - Qatar Airways Cargo has placed an order for five Boeing 777 freighters, enabling it to establish additional trade routes and increase capacity on key trade lanes.
Views: 298
Hareket calls on Enerpac for thermal project thumbnail image

Hareket calls on Enerpac for thermal project

June 24 - Hareket Heavy Lifting and Project Transportation has installed two sets of gas turbines and generators at the Takhiatash thermal power plant in Uzbekistan using an Enerpac SBL1100 telescopic hydraulic gantry.
Views: 322

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.