Damco set to scale greater heights with new appointment

Madison, NJ _ August 09, 2010 _ Leading 3PL Damco recently announced the appointment of Mr. Erez Agmoni as its Regional Airfreight Manager in Asia Pacific. In this position, Erez is responsible for expanding Damco’s growing airfreight business in the region. “I am excited to be part of a dynamic and international global logistics company which has big plans for its airfreight business. There is a huge demand for competitive airfreight solutions in Asia Pacific. Damco is well-positioned to build stronger corridors and products to help our customers alleviate issues with limited airfreight space,” said Erez. According to Erez, Damco can customize solutions to meet every customer’s needs. “When our customers have urgent shipments, Damco has chartered planes to help them meet deadlines. Damco can also offer airfreight either as a single competitive product or as part of a multi-modal solution. This is especially beneficial when airfreight rates peak due to huge demand for limited airfreight space,” continued Erez. Indeed, with a strong global network, Damco holds a good track record in multi-modal solutions, allowing its supply chain managers to customize sea-air solutions, which are cheaper than airfreight and have a shorter lead time compared to ocean freight. Erez is based in Thailand and reports to Christine Miller, Chief Operations Officer for Damco in Asia Pacific. “We have for some time been focusing our efforts in trade lanes that have the most significance for our customers. We have also invested in experienced airfreight trade lane managers to further strengthen our airfreight product to offer comprehensive and competitive solutions to our customers. I am confident that under Erez’s leadership, we will reach our aggressive growth targets for our airfreight business in 2011,” said Christine. Before joining Damco, Erez was a Business Development Manager with Gulf Agency Company (GAC) where he was instrumental in propelling the organization into a Top 20 air business in Thailand. Erez also has more than a decade’s experience in developing the cargo business for EL AL Israel Airlines in Thailand and Southeast Asia. About Damco Damco is the new, combined brand of the A.P. Moller - Maersk Group's logistics activities. Damco offers a broad range of supply chain management and freight forwarding services to customers all over the world, and has 10,500 employees in over 280 owned offices across 90 countries with representation in 120 countries in Africa, Asia, Australia, North America, Europe, Middle East, and Latin America. In 2009, the company had a net turnover of over USD 2.0 billion, managed more than 2.3 million TEU of ocean freight and supply chain management volumes and air freighted more than 60,000 tons. Damco is an independent business activity within the A.P. Moller - Maersk Group. For more information, please visit www.damco.com. For more information on Damco's Supply Chain Management services, please contact Mark Byrne, Marketing at +1-973-514-5126 or e-mail at mark.byrne@damco.com