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Credit Maersk.
Maersk has expanded its warehouse facilities in Chittagong, Bangladesh with a 9,300 sq metre facility, which becomes operational next month.
It sees Maersk’s Bangladesh storage footprint increase to 27,900 sq m and was built in collaboration with local company Vertex Off-Dock Logistics Services
Maersk also has access to more land should the company need to expand the facility in future, the company said.
“Bangladesh is witnessing significant growth in garment exports, however, warehouse space in Chittagong has not increased proportionally, and that has left a shortfall of storage space,” said Maersk.
Angshuman Mustafi, head of Maersk, Bangladesh, said the past two to three years had been extremely challenging for Bangladesh’s exporters, thanks to the Covid-19 pandemic which caused an acute imbalance in demand and supply of goods, bottlenecks in the logistics ecosystem, a displaced workforce and congestion at ports and warehouses.
But, he added, this had led Maersk to “realise demand for warehousing space was rising and we decided to undertake measures that could address this requirement proactively”.
The initial 18,580 sq m of Maersk’s Chittagong warehousing facility has been operational since August.
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