Maersk Logistics (Merged with Damco)
Note: This company is no longer trading as a separate enterprise.
On 7 September 2009, the A.P. Moller - Maersk Group merged its supply chain management activities branded as Maersk Logistics and its freight forwarding activities branded as Damco, under the single brand name 'Damco'.
Under the new brand, Damco continue to offer customers - counting more than 10,000 customers globally, including prominent multinationals from amongst other the retail, apparel, electronics and chemicals industries, as well as small independent importers and exporters - a broad range of logistics services covering A-to-B forwarding and time-sensitive reefer logistics to advanced supply chain management solutions and consultancy.
In the interim period between June and 7 September, the supply chain services will continue to be delivered under the Maersk Logistics brand, and the forwarding services will continue to be delivered under the Damco brand.
The CEO of Maersk Logistics and Damco said: "Under the new, single brand our primary drivers remain our passion for customers and our dedication to service delivery. And our teams across the globe will become even easier to do business with than before."
"We will continue to build on the strengths already embedded in our company, particularly putting our customers and their business first. That means spending more time with our customers, asking questions, and engaging with them to build the right solutions – because we want to become and remain our customers' preferred choice in the industry when it comes to selecting a reliable, high-quality provider across all our services," explains Maersk.
Maersk Logistics is a worldwide freight forwarding organisation delivering integrated logistics solutions to the A.P. Moller-Maersk Groups' major customers with a focus on consolidation of cargo in the Far East, customs clearance and air freight. In Europe the company works with road-based sister companies to provide comprehensive logistics services to multi-nationals, albeit with a focus on sea trade.
Maersk Logistics forms part of the Container Shipping Division of the A.P. Moller-Maersk Group. This division reported revenues of DKK145.2bn in 2007 with Logistics reporting for the first time a separate revenue figure of $3bn (DKK14.5bn).
For 2008 no specific revenues figures are available, just an indication that revenue for both Damco and Maersk Logistics increased in total by 9% to $3,270m.
Maersk Logistics has its roots in two separate businesses brought together by acquisition. In 1977 the global shipping line, Maersk, established a division known as Mercantile, to provide consolidation services to shippers in the Far East. Its logistics services commenced in 1991 when Mercantile was awarded an Integrated Logistics contract by the Melville Corporation.Through a number of acquisitions Mercantile developed into a major freight forwarding company with global operations in both sea and air. In 1999 the A.P. Moller-Maersk Group acquired part of the US shipping line Sea-Land including Sealand Logistics, which itself was established as a 'Buyers Group' in the Far East in 1970. In 2000 the capabilities of Mercantile and Sealand Logistics were combined to form Maersk Logistics.