Maersk will restructure its freight forwarding operations as part of its long-term integration strategy and will terminate the carrier-neutral (NVOCC) operations of Damco by the end of 2020. U.S. seaborne imports linked to Damco fell by 11.4% year over year in the three months to Aug. 31 wh... Read more →
Shipments Processed
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461,339Shipments Processed (U.S. Imports)
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Shipment Statistics for Damco International B V
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461,339Total shipments
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746,507 TEUsTotal volume
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1.62 TEUsAverage shipment size
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Recent Panjiva Research about Damco International B V
Maersk Aims For Stronger Pulse in The Heartlands
Maersk’s CEO, Soren Skou, has set a target for 50% of group revenues to come from logistics outside ocean container shipping within two years. So far only one quarter of the group’s customers have an end-to-end, rather than just container-line, service from Maersk. The path to d... Read more →
2019 Outlook – Logistics: Getting Back To Basics
The global logistics industry had a challenging 2018 due to rising fuel costs and overcapacity. The coming year won’t be any easier. Attempts to rebuild profitability, which fell by 2.4% points at the EBITDA line for the container-lines and 0.6% points for the freight forwarders, may includ... Read more →
Panjiva Daily: 3,732 ways to stimulate China, Maersk’s room for more and Amazon’s mattress quandary
Premier Li has indicated China may cut more tariffs – cars and chips may be the most fruitful targets. Maersk’s reorganization will help customers but more liner integration is needed to cut costs. A new mattress tariff case could provide Amazon with a sourcing quandary. Also: Ikea’s ... Read more →
Maersk Reorg Helps Customers, Leaves Room For Deeper Liner Integration
Maersk has announced that the latest phase of its restructuring will include a split in Damco’s operations into internal and external facing forwarding services as well as an integration of SeaLand, MCC and Seago. The move will help customer services but may not boost short-term profits. Ma... Read more →
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