The Danish shipping giant Maersk announced plans December 4 to invest more than $500 million in Southeast Asian supply chains over the next three years, to scale up its warehousing and distribution footprint across the region by up to 50%. 

The company said it expects to add 480,000 square meters of capacity across Malaysia, Indonesia, Singapore and the Philippines by 2026. It also plans on increasing its haulage truck capacity in the region and introducing EV trucks to its fleets by 2024.

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The company says it will continue investing in infrastructure to support the expansion of ocean networks and transshipment hubs, as well as working closely with regional authorities to improve green fuel infrastructure for future ship fleets.

“Southeast Asia is the fastest growing area in Asia Pacific. A digitally savvy population, coupled with an e-commerce boom, government’s efforts to capitalize on global manufacturing diversification, growing regional brands, and rising inter-regional trade is spurring sustained growth in this area,” said Vincent Clerc, CEO of A.P. Møller-Maersk. “Our investment reflects the commitment to being the global logistics integrator addressing the changing needs of our customers, now and in the future while remaining steadfast to our decarbonization agenda.”