4 January 2023 03:21 pm
The shipping and vessel operator inked the Land Grant Contract with the administrative committee of Lin-gang new area of the Shanghai Free Trade Zone towards the latter part of December.
In a statement to the media, Maersk said the facility will be built with a total investment of US$ 174 million. The project is expected to start operation in 3Q2024.
The Lin-gand flagship logistics center will spread across approximately 113,000 sqm and is designed to have a warehousing storage of 150,000 sqm. The warehousing storage will consist of four ramped 3-storey high standard warehouses and one 24-metre-high warehouse with automated storage and retrieval system (AS/RS).
The facility 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.
“With Lin-gang’s proximity to Yangshan port and its favorable free trade policies, our flagship logistics centre will provide agile and sustainable solutions, connecting and simplifying our customers’ supply chains.
“We will continue to invest in China, contributing to Shanghai's position as a global leading shipping and logistics centre, and the resilience of global supply chains,” said Caroline Wu Managing Director of Maersk Greater China commenting on the upcoming project.