Tuesday, September 11, 2012

Logistics Arm of Container Shipping Giant Maersk on the Move

Damco to Relocate to The Hague by Next Year
Shipping News Feature

NETHERLANDS – DENMARK – WORLDWIDE – Damco, the logistics arm of Danish container and bulk shipping giant Maersk, is to relocate its global headquarters from Copenhagen to The Hague. A statement says the intention is to ‘bring Damco closer to the heart of the European logistics community and supports its strategy to become a Top-5 industry player in the years to come.’

Backed by the might and support services of its parent group the progress made by the company has been impressive recording $97 millions in earnings before interest and taxes (EBIT) last year, almost five tomes the $22 of two years previously. Damco says the improvement has been driven in particular by strong business in Asian and African markets and the latest move is aimed at driving the company nearer to the avowed net revenue figure of $5 billion which Damco aspires to achieve by 2015.

Staff at the groups current headquarters will doubtless be hoping there may be vacancies either in the new offices or elsewhere in the AP Moller-Maersk fold as with the move commencing toward the end of this year and with a target transition of completion within the first three months of 2013, only the existing 75 IT posts are likely to remain in Copenhagen from the 150 or so staff. Damco CEO, Rolf Habben-Jansen explained the company’s decision saying:

“In The Hague, we will be closer to many of our customers, our main air and sea carriers, Europe’s biggest transportation hubs, as well as our competition and the kind of additional international logistics experience we’ll be looking to hire as we continue to grow. Our goals are ambitious and to reach them will require a combination of organic growth and selected acquisitions as well as strict attention to all of our costs. Only that will create the needed flexibility to invest when opportunities arise.”

Photo: Rolf Habben-Jansen, Damco CEO