Market Insight: Damco FF – a people business, but does it have too many?

The past few years have been particularly hard for Damco. Its move from Copenhagen to The Hague in February 2013 was a disaster. It went from profit to a net loss of $111m that year, partly attributed to one-off relocation costs, which widened in 2014, spiraling to -$293m, and parent Maersk admitted that the forwarder had “lost…