June 16, 2011: Damco has further enhanced its strength and reach in South Asia by appointing Nepal Shipping and Air Logistics Pvt. Ltd. (NPSAL), as its sales agent in Nepal. The agreement was signed by Mr. Martin Thaysen, Global Chief Commercial Officer on behalf of Damco and Mr. Jagat B. Khadka, Chairman and Managing Director, NPSAL. Mr. Amitabh Shankar, Regional Manager Damco Northeast India and Mr. Sudip Chaterjee, Branch Manager Damco Kolkata was also present in Nepal during the signing ceremony on 1 June 2011.
“We are excited about the association with NPSAL in Nepal. This tie up is a testimony to our belief and commitment to South Asian markets. South Asia is a key global driver for growth and the agreement with NPSAL will help Damco to provide services to customers who have business operations in Nepal. The synergies of Damco’s global network, expertise and solution design capabilities along with NPSAL’s strong local presence and knowledge will enable us to provide industry leading solutions in and out of Nepal” said Lars Sorensen, CEO Damco South Asia.
Mr. Amitabh Shankar, Regional Manager, North-East, Damco South Asia who was present during the signing ceremony in Nepal commented “North East India is a key gateway for Nepal cargo and agreement with NPSAL will allow us to expand our service to Nepal. Being a strong local player NPSAL brings unique value propositions that will surely benefit our customers”
Mr. Jagat Khadka, Managing Director of Nepal Shipping commented “This tie up offers the local industry and customers access to global logistics practices and we are looking forward to our association with a globally reputed company like Damco. With our local experience we would be able to add value to Nepalese business communities in Nepal.”
Nepal Shipping and Air Logistics Pvt. Ltd., established in 2008, is one of the most efficient & rapidly growing forwarding company of Nepal and is ISO 9001:2008 certified. NPSAL offers logistics services which include Air freight, Sea freight, Cross-border haulage, Custom clearance, Insurance coverage, Project shipments and Warehouse management.
Damco is one of the world’s leading third party logistics providers specializing in customized freight forwarding and supply chain solutions, offering a broad range of services to customers all over the world. The company has 9,500 employees in over 280 offices across 90 countries and representation in 120 countries in Africa, Asia, Australia, Europe, North America, Middle East, and Latin America. In 2010, the company had a net turnover of over USD 2.7 billion, managed more than 2.4 million TEU of ocean freight and supply chain management volumes and air freighted more than 75,000 tons. Damco is an independent business unit within the A.P. Moller – Maersk Group. Damco South Asia has 25 own office locations spread across four South Asian countries which include India, Sri Lanka, Bangladesh and Pakistan.