Maersk-owned logistics company Damco achieved a revenue of USD 758 million in the second quarter 2013, around the same level as the 2nd quarter 2012. The result after taxes came to a deficit of USD 8 million, compared to a profit of USD 28 million in the same period 2012.
The company's half-year result looks somewhat better, with a deficit of USD 2 million, compared to a USD 35 million deficit in the same period 2012, according to a press release. The operational result before special items (EBITA) finished at USD 24 million, a bit lower than expected. According to the press release, the result was caused by the fact that Damco had more expenses related to preparing the company for future growth markets than expected.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
CBS launches board program for the shipping industry
Supported by a number of high-profile names from the global shipping industry, CBS’s new Blue Board Leadership Programme’s first module is already half full. The faculty team includes BW Group Chairman Andreas Sohmen-Pao.
G&O Maritime Group buys maritime supplier
G&O’s acquisition is aimed at strengthening the company’s green profile and making a stronger mark internationally.
EU countries ready for CO2 quota negotiations – but without a shipping fund
After marathon negotiations, EU member countries passed a mandate late Tuesday for inclusion of shipping into the union’s emissions trading system. A proposed special fund for the industry’s transformation does, however, not appear to be on the table.
Maersk Drilling lands contract with Shell in the North Sea
The contract is expected to go into effect in the second half of the year for a duration of two months.
Belships adds two new ships to its fleet
Dry bulk operator Belships has acquired two new ships for a price of USD 15.5m.
Head of Airfreight 
Senior Sales Manager 
Crewing officer 
IT Operations & Project Lead 
Experienced Bunker Trader - Dubai 
Safety Leadership & Transformation Manager 
Head of Vessel Operations 
Senior Legal Counsel with a focus on Offshore Renewables