Maersk to Expand Footprint in Bangladesh

Maersk to Expand Footprint in Bangladesh

To set up 200,000 sq ft custom bonded warehouse at Chattogram

A.P. Moller – Maersk (Maersk) is strengthening its operations in Bangladesh, where it has served the country’s exporters connect to the global market for almost three decades.

Bangladesh has been one of the most important sourcing markets for the garments and apparel industry worldwide. The garment manufacturers exporting to global markets have significantly contributed towards building the country’s economy.

Despite the impressive growth of garments’ exports from Bangladesh, the number of warehouses in Chattogram have not increased since 2012 with the sole exception of ISATL that became operational in 2018.

Recognizing these challenges, Maersk Bangladesh has partnered with ISATL to build a new 200,000 sq. ft custom bonded warehouse.

ISATL are pioneers in constructing and operating warehouses and CFS and operate four CFS within Chattogram and the River Terminal at Dhaka.

Under the scope of this partnership, ISATL will construct a brand new custom bonded warehouse within the existing premises of the facility located at Pathortoli in Chattogram.

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The new warehouse will double the existing capacity at ISATL and add around 8% additional space to the existing ecosystem at Chattogram.

The construction of the new CFS has already commenced and is expected to be completed in a phased manner by the end of 2022. Bangladesh’s exporters and their overseas buyers will be able to start using the facility from July 2022, once the first phase of construction is completed.

In 2021, a fallout of this structural challenge was felt by all the stakeholders involved in import-export trade when the Container Freight Stations (CFS) got clogged with cargo resulting in delayed clearance, stuffing and consequently dispatch of containers to the port.

Delay in offloading cargo also led to longer truck waiting time, and delay in dispatch of containers to the port, consequently resulting in lack of overall productivity.

Chittagong Port handles in excess of 90% of the total containerized trade to and from Bangladesh.

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