Damco reports positive first half

DB Schenker says it is “responding to market unrest following an announcement of A P Moeller-Maersk to discontinue the Damco brand and its FCL NVOCC business”

DAMCO says its Beirut team, working with the forwarder’s Business Resilience (BR) Program, had operations in Lebanon back up and running within 24 hours of the blast on 4th August

In moves designed to save costs, offer its customers a broader range of integrated freight transport solutions, and strengthen its global image, Copenhagen-based AP Møller-Maersk is to fully incorporate its logistics arm Damco into its main liner shipping division and reduce the number of carrier brands it markets.

The AP Møller-Maersk Groupcontrolled supply chain management company Damco has started a new weekly container block train service between China and France

A container block train has been dispatched from the intermodal logistics hub in Mortara, near Milan, for Chengdu in Sichuan Province in Central China

Maersk Transport & Logistics company APM Terminals reported a loss in Q2 2017 after it booked a US$250M impairment charge on its assets.