Maersk expands its presence in Bangladesh with a new, grand storage facility to meet the country’s increasing demand for freight export.

”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,” Vikash Agarwal, managing director of Maersk South Asia, writes in a press release.

According to Maersk, Bangladesh has seen a downturn in exports in recent times due to the geopolitical situation that has resulted in decreased demand in the West.

However, Maersk expects to see that trend turn on dime as customers’ storages are just about empty, needing restocking. The press release states that such restocking would boost the country’s export.

”With the demand picking up again and limited warehousing capacity in the market, Maersk aims to close the gap between higher demand and shortage of supply through this facility at Chattogram,” the statement reads.

The warehouse of 210,000 square meters, established in collaboration with local company ISATL, is made for customers with retail and lifestyle goods. The building is expected to be ready for use in April 2024.

Maersk already controls storage facilities in Bangladesh. With the new expansion, Maersk has a total of half a million square meters in storage space in the country, with another 300,000 square meters ready for use through local partnerships. 

English edit: Christian Radich Hoffman