Bloomberg News

Maersk Forwarding Unit Damco Plans to Boost Staffing in Asia

October 13, 2011

Oct. 14 (Bloomberg) -- Damco, the freight-forwarding arm of AP Moeller-Maersk A/S, the world’s largest container-shipping line, plans to boost staffing in the Asia-Pacific region by 10 to 15 percent to expand in India and China.

The hirings will take place over “a couple of years,” Chief Executive Officer Rolf Habben-Jansen said in an interview on Oct. 11.

Damco plans to increase its business as it expects growth in Asia and aims to take a larger market share by providing better services, Habben-Jansen said. The unit expects 12 to 14 percent growth this year in the ocean freight-forwarding segment, which represents about 40 percent of its sales, compared with estimates for 6 to 8 percent growth in the world’s container cargo, Habben-Jansen said.

Copenhagen-based Damco employed about 4,800 workers in the Asia-Pacific region as of July, according to the company. It had net turnover of more than $2.7 billion last year, it said in a statement.

--Editors: Terje Langeland, Nicholas Wadhams

To contact the reporter on this story: Jasmine Wang in Hong Kong at jwang513@bloomberg.net

To contact the editor responsible for this story: Neil Denslow at ndenslow@bloomberg.net


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