Maersk held a ground breaking ceremony on Tuesday for its 1-billion-yuan ($150 million) integrated logistics warehouse project in Shanghai, as the company puts more emphasis on the booming Chinese market.
The logistics center is due to be completed in the third quarter of 2024 and is situated in the Lin-gang New Area of the Shanghai Free Trade Zone. Covering an area of approximately 113,000 square meters, the center is designed to have warehousing storage of 150,000 square meters reports www.globaltimes.cn
The center will provide customers with a wide range of integrated logistics services, including international export consolidation, regional and global order fulfillment and distribution, cross border e-commerce and other value-added logistics services.
"Maersk is continuously enhancing its logistics capabilities to offer integrated end-to-end solutions to customers worldwide. Shanghai plays a critical role for the Maersk global network," said Caroline Wu, managing director of Maersk Greater China.
With Lin-gang's proximity to Shanghai's Yangshan port - one of the world's busiest container ports - and its favorable free trade policies, Maersk's new logistics center will be able to provide agile and sustainable solutions while connecting and simplifying customers' supply chains, Wu said.