Maersk to invest $500mn in Southeast Asia supply chain

: Biofuels, E-fuels, Emissions, Oil products
23/12/04

Danish shipping giant Maersk said today it will invest over $500mn in its supply chain infrastructure in southeast Asia, including in 'green' fuels.

The company aims to optimise its warehousing and distribution by increasing its haulage truck capacity, adding 480,000m² of warehouse space by 2026. The investment will also cover the construction of green fuel infrastructure, and the addition of electric vehicles in transport by mid-2024.

The investment will mainly target Maerk's logistics and services arm, but the company will also expand its maritime network and establish a green fuels infrastructure for its future fleet, it said.

By Anya Fielding

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more