A.P. Moller – Maersk (Maersk) today announced the expansion of its warehousing footprint in Chattogram, according to the company's release. Commissioned in cooperation with ISATL, Maersk has embarked on the second phase of its partnership with ISATL, which will give exclusive access to 210,000 square feet of a state-of-the-art export custom bonded warehouse for its customers. This warehouse has been tailor-made to suit the needs of the exporters of retail and lifestyle commodities and should be available by April 2024.
Maersk and ISATL had first collaborated and entered into an agreement towards the end of 2021 and within a period of 14 months, ISATL provided 200,000 square feet of export custom bonded warehouse to Maersk.
Maersk also offers another 100,000 square feet of warehousing space in partnership with Vertex Depot, which was inaugurated earlier this year in the month of February. With the latest expansion, Maersk has on offer over half a million sq. ft. of dedicated export warehouse in Chattogram to its customers. Further, Maersk also offers another 300,000 sq. ft. of flexible warehousing capacity through local partnerships to customers in case of short term requirements. In a market with capacity constraints, this expansion will assist Maersk’s customers to have assured access to consolidation space on a long-term basis, creating stability of operations and thereby eliminating the uncertainty, especially during the peak seasons.
A.P. Moller - Maersk is an integrated logistics company working to connect and simplify its customers’ supply chains. The company operates in more than 130 countries and employs over 100,000 people worldwide. Maersk is aiming to reach net zero emissions by 2040 across the entire business with new technologies, new vessels, and green fuels.