A.P. Moller-Maersk has earmarked more than US$500 million to expand its supply chain infrastructure in Southeast Asia over the next three years as it anticipates the region's emergence as a global production hub and consumption powerhouse. Maersk’s planned investment, which will target its Logistics & Services arm, with ‘substantial’ amount channeled into its Ocean and Terminals infrastructure, will be used to scale its warehousing and distribution capacity by up to 50 percent to augment … [Read more...] about Maersk to inject over half a billion into Southeast Asia
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Maersk tests sea-air cargo solution via Oman
A new multimodal sea-air solution has been successfully tested by A.P. Moller-Maersk or Maersk in Oman, which is expected to cut transit time and costs for shipments. The logistics operator has collaborated with the Port of Salalah and Oman Airports to trial a sea-air logistics solution for cargo moving from Sri Lanka to Egypt. The shipment, which comprised cargo for the retail and lifestyle sector, was transported from Colombo to Cairo via Oman. The first leg of transportation was carried … [Read more...] about Maersk tests sea-air cargo solution via Oman
Maersk plans SG facility for omnichannel fulfilment
A.P. Moller-Maersk (Maersk) is strengthening its omnichannel fulfilment capabilities in Singapore with a planned 1.1 million-sqft warehouse facility in Jurong West. World Gateway 2, as it is called, is expected to be one of the most productive warehouses in Singapore with extensive use of automation and robotic systems. Slated to be completed in the first quarter of 2025, the facility will offer convenient access to Tuas Mega Port and Changi International Airport and industrial areas via … [Read more...] about Maersk plans SG facility for omnichannel fulfilment
Hong Kong-based LF Logistics now part of Maersk
A.P. Moller - Maersk completed its US$3.6b acquisition of LF Logistics in late-August, taking control of the Hong Kong-based contract logistics company which will now be rebranded to Maersk. Maersk will add 223 warehouses to the existing portfolio, bringing the total number of facilities to 549 globally, spread across a total of 9.5 million square meters. LF Logistics, part of supply chain manager Li & Fung, employs 10,000 people, operates an extensive pan-Asia network and specialises … [Read more...] about Hong Kong-based LF Logistics now part of Maersk
Maersk buys US-based Pilot Freight Services for US$1.68b
Maersk is adding more capacity and growing its end-to-end logistics offering in the North American as it acquired US-based home delivery and big and bulk specialist Pilot Freight Services for US$1.68b. Pilot has 87 stations and hubs in North America with third-party providers of controlled trucking capacity, including FTL and LTL for both B2C and B2B distribution. The company also specialises in heavy and bulky shipments with white glove service for expedited and time-definite … [Read more...] about Maersk buys US-based Pilot Freight Services for US$1.68b
Maersk boosts fulfilment service with LF Logistics takeover
Leading shipping line Mærsk A/S has reached an agreement to acquire 100 percent of the shares in the contract logistics business of Hong Kong-based LF Logistics in an all-cash deal valued at US$3.6 billion. The acquisition is expected to strengthen Maersk’s capabilities as an integrated container logistics company that offers end-to-end supply chain solutions to its customers. Also read: Shipping giant Maersk beefs up air freight operations LF Logistics, owned by fashion and retail … [Read more...] about Maersk boosts fulfilment service with LF Logistics takeover