Latest news from Heavy Lift & Project Forwarding International Magazine

Damco sees red in H1 2013

August 22 - Freight forwarder and logistics services provider Damco has posted revenues of USD1.53 billion for the first half of 2013, up 0.6 percent year-on-year.

However, it recorded an operating loss of USD2 million during H1 2013; in H1 2012 the company reported a profit of USD35 million.
 
EBITA before special items in H1 2013 was USD24 million, down from USD43 million when compared to the equivalent period of 2012. This was less than anticipated, caused by higher than planned costs to strengthen the organisation for the future in a number of key growth markets.
 
Damco saw its air freight volumes rise by 14 percent year-on-year, while supply chain management volumes rose 10 percent over H1 2012. Sea freight volumes contracted by 1 percent in H1 2013 over H1 2012.
 
"In weak markets we continue to invest in building the future with special focus on expanding our geographical coverage and rolling out our new global freight management system" said Damco ceo Rolf Habben-Jansen. "This is needed to enable future growth and to optimise our cost to serve. We will start seeing the benefits from this later this year and expect to see solid year-on-year improvements in the results from Q4 2013 onwards."


www.damco.com

Heavy Lift | News

Marine insurance: Reducing costs and capacity thumbnail image

Marine insurance: Reducing costs and capacity

September 19 - Marine insurance providers are commoditising their products in order to reduce costs. The result, according to the International Union of Marine Insurance (IUMI), is a loss of expertise.
Views: 334
Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 722
DHL strengthens network in Middle East and Africa thumbnail image

DHL strengthens network in Middle East and Africa

September 18 - DHL Industrial Projects is opening a centre of excellence (COE) in Dubai as well as offices in Egypt, Ethiopia, Kenya and Turkey to coordinate complex logistics projects in the Middle East and Africa.
Views: 835
ALE plans Swedish branch thumbnail image

ALE plans Swedish branch

September 18 - ALE will open an office in Sweden during the last quarter of 2019 as it looks to expand its operations in Scandinavia.
Views: 580

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