Madison, New Jersey, March 01, 2012 – Effective January 01 2012, Martin Sieg has moved to a position as Global Head of Ocean Freight at Damco, with overall responsibility of the more than 600,000 TEU (2011) of ocean freight that Damco manages every year.
In spite of a very volatile market with an unclear direction on freight volumes, capacities and rates, Martin Sieg is very excited to take charge of making ocean freight count at Damco.
“The role of ocean transport as a substantial part of the ever growing worldwide trading will grow further. As one of the leading worldwide providers for logistical solutions we will not only follow this development but outperform it by growing above the market”, Martin Sieg said.
At Damco, COO Peter Kjaer Jensen speaks enthusiastically about the appointment, saying:
“Martin brings a lot of experience to Damco and I am looking forward to working with Martin to further enhance Damco’s product offering around the ocean-freight and to improve the sophistication level around how Damco works with Ocean Liners and customers.”
Having just released the best financial results ever, Damco is at an interesting place of growth, looking to grow more than the market to become one of the top five logistics providers in the world.
“Considering the ambitious growth strategy of Damco it is extremely exciting to be in charge of one of the major products supporting this growth. Our Ocean Freight solutions will play a major role in our future development and we will further enhance our service scope to follow the customer demands”, new Global Head of Ocean Martin Sieg said.
Martin Sieg joins Damco from a position as Managing Director with German logistics company SDV Geis and has previously held several managing positions with Hapag-Lloyd. He is Diplom-Kaufmann with the University of Hamburg. Martin is married with two children.
Damco is one of the world’s leading third party logistics providers specializing in customized freight forwarding and supply chain solutions. Damco has 10,500 employees in over 280 offices across 100 countries and representation in 120 countries in Africa, Asia, Australia, Europe, North America, Middle East, and Latin America. In 2011, the company had a net turnover of over USD 2.8 billion, managed 2.4 million TEU of ocean freight and supply chain management volumes and air freighted more than 110,000 tons. Damco is part of the A.P. Moller - Maersk Group. www.damco.com