Maersk has expanded its warehouse footprint to over half a million sq. ft. in Bangladesh to meet the increasing demand from its customers. The expansion includes a state-of-the-art export custom bonded warehouse in Chattogram, commissioned in partnership with ISATL.
The warehouse has been tailor-made to meet the needs of lifestyle and retail exporters and should be available by April 2024. The move comes at a time when Bangladesh is experiencing a slight slowdown in exports due to geopolitical factors. However, with inventory restocking expected to drive demand again, Maersk is closing the gap between higher demand and short supply with this facility in Chattogram.
With this expansion, Maersk’s customers will have assured access to consolidation space on a long-term basis, creating stability of operations and eliminating uncertainty during peak seasons. Maersk is committed to reaching net-zero emissions by 2040 across the entire business with new technologies, new vessels, and green fuels.
Vikash Agarwal, MD Maersk South Asia commented, “We continue to invest and strengthen our commitment to Bangladesh with the expansion of our footprint in the country. We strongly believe in the potential of this country and its exporters, and we are fully committed to participating and playing a role in their respective growth stories.”