DAMCO TO OFFER ONE-STOP SERVICE

       Damco Thailand, which from now will provide total logistics solution services under a single brand - Damco - used as globally, expects its freight forwarding volumes to grow by 10 per cent from last year.

       "The Damco name will support our goal to become one of the top international logistics firms that enable to offer one-stop logistics in Thailand in the next five years," said Kiattichai Pitpreecha, managing director Thailand for Damco Thailand.
       The move is part of the integration of all operations between two international logistics providers, Maersh Logistics and Damco Kiattichai, that commenced on September 7.
       The company's supply chain management activities previously were branded as Maersk Logistics while its forwarding activities was branded as Damco.
       Damco Thailand managing director added that the Damco name would also give the two companies to build their own identity while remaining it as important part of the Denmark-based AP Moller-Maersk Group.
       Not only will the integration with a single brand help customers reduce confusions, but also increase the company to provide a board range of services, said Kiattichai.
       In customers' perception, Damco is renowned as a leading freight forwarder in especially to sea freight forwarding with strong alliance network of more than 20 shipping lines. However, Kiattichai said the integration would not undermine its strength of sea freight forwarding. Conversely, this should support its strength. For airfreight forwarding, it has strong partners of more than 10 airlines.
       "We are also a market leader in supply chain management segment, in which there are only 6-7 key players," said he, adding that major clients are Nike, Reebok, Adidas and Wallmart.
       "For freight forwarding business, we have been slightly affected from the global economic crisis as being shown in 2009's nine-month volumes that is still on track of 10 per cent growth target," said Kiattichai.
       He said Damco has recorded an average of 20 per cent growth in freight forwarding business for five years.
       In Thailand, Damco is one of the top international logistics companies for supply chain management and freight forwarding. It handles freight volumes of more than 1,200 containers a week and air cargo volume of 3.6 million kilos a year. The company's warehouse space is about 30,000 square metres.
       The company provides services to more than 1,500 customers that are in retail, electrical goods, food, fast moving consumer goods, automotive, chemical and garment and footwear industries. It employs a total of 250 employees.
       In 2008, Damco had a net turn-over of US$ 2.8 billion globally, shipped more than half a million TEUs ocean freight, air freighted over 60,000 tonnes, and handled over 50 million CBMs (equivalent to 2 million TEU) for our supply chain management customers.