Damco Sea & Air, the Dutch freight forwarding company, and Maersk Logistics have announced that as of July 1 the companies will integrate and trade under the name of Damco.
Documents of carriage like house bills of lading, house airway bills etc will sport the Damco logo. Damco's legally vetted terms and conditions will apply for such documents of carriage.
The new Damco will continue to provide freight forwarding services to existing and new customers through a global network of local branch offices with local staff who understand the local market conditions. The new Damco organisation will have approximately 3,600 staff in over 90 countries.
AP Moller Maersk Group acquired Damco Sea & Air in 2005 in connection with the acquisition of P&O Nedlloyd. Damco Sea & Air was the forwarding arm of P&O Nedlloyd and was established in 1988.
Beside supply chain management services, Maersk Logistics has been providing freight forwarding services for a number of years since 2001 under the name of DSL Star Express. Together with Maersk Logistics' airfreight and land-based services, DSL Star Express will also be renamed Damco from July.
Damco now has its own representation in India with this integration, reported Moneycontrol.com, a branch of Television Eighteen India. Maersk India Private Limited - Logistics Division (previously Maersk Logistics India Pvt Ltd) currently has 13 offices with staff of 380. Of this, the section called International Transportation Management (ITM) has about 160 colleagues who will now represent Damco with effect July 1.
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