Damco posts $1.5bn first-half net revenue as box volumes rise 9%

Damco, the independent AP Moller-Maersk logistics arm, recorded a 2012 first-half rise of 9% in container volumes to 389,500 teu as it continued its strategy of growing its own-managed box throughputs.

The Denmark-based business, which carried 750,000 teu under its own documentation in 2011, also handles a further 1.8m teu per year in its supply chain management role for major shippers and their freight forwarder providers.

First-half net revenue grew 12% compared...

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