Damco, the global logistics arm of Danish shipping group AP Moller
Maersk, more than doubled its annual losses to $293m for the full year
2014.
The ocean giant parent said that Damco's losses were due to
“significant” impairment hits in 2014 and “reduced profitability” in
its ocean and airfreight segments.
Netherlands- headquartered Damco, which recorded...
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