Maersk’s planned three-year investment will be targeted at its Logistics & Services division, but at the same time, investment will also be made in its Ocean and Terminals infrastructure.
„Southeast Asia is the fastest growing region in the Asia Pacific. A digitally savvy population, coupled with an e-commerce boom, government efforts to capitalise on global manufacturing diversification, growing regional brands and increasing inter-regional trade are driving sustained growth in the region. Our investment reflects our commitment as a global logistics integrator to meet the changing needs of our customers, now and in the future, while remaining steadfast in our decarbonisation agenda,” said Maersk CEO Vincent Clerc.
The investment was announced on the sidelines of a recent global board meeting in Singapore. It aims to increase the resilience of the supply chain and reduce the cost of trade, which can be 2 to 3 times higher in certain Asian markets.
The Danish shipping giant will invest in increasing its warehousing and distribution footprint by up to 50% across the region to expand its sea, air and land capabilities to serve both international and domestic markets and demand.
By 2026, Maersk expects to add nearly 480,000 square metres of capacity across Malaysia, Indonesia, Singapore and the Philippines.
One of the most notable investments will be in the Port of Tanjung Pelepas in Malaysia, where it will become a key integrated logistics hub with multi-modal connectivity to simplify our customers’ supply chain domestically and to connect with the world.
The company is also investing in expanding its landside warehousing capacity at Singapore’s Changi Airport.
In terms of landside connectivity, Maersk will invest in significantly increasing its truck capacity in Southeast Asia, with the ability to offer greener solutions based on customer demand. It will also pilot biodiesel-powered trucks and introduce electric trucks by 2024.
On the ocean and terminal front, Maersk continues to invest in the expansion of its infrastructure across the region through APM Terminals to support an improved ocean network design and bring additional transhipment to the region. In addition, the company is working closely with authorities in the region to explore opportunities to build green fuel infrastructure to support its future green fleet of vessels.