Danish shipping company Maersk Bangladesh has partnered with Ispahani Summit Alliance Terminals Limited (ISATL) to build a 200,000 square foot bonded warehouse.
Maersk has been helping Bangladeshi exporters connect to the global market for nearly three decades, reports The Loadstar.
ISATL is a pioneer in the construction and operation of warehouses and CFSs and operates four CFSs in Chattogram and the River Terminal in Dhaka. As part of this partnership, ISATL will construct a brand new bonded warehouse within the existing premises of the facility located at Pathortoli in Chattogram.
The new warehouse will double the existing capacity at ISATL and add approximately 8% more space to Chattogram’s existing ecosystem.
The construction of the new CFS has already started and is expected to be completed in a phased manner by the end of 2022.
“Maersk’s commitment to connecting and simplifying our customers’ supply chains means we are looking at long-term solutions to issues such as long-standing congestion within the ecosystem. We have tackled the situation in 2021 by deploying an additional vessel to evacuate loaded containers for export,” Angshuman said. Mustafi, Managing Director, Maersk Bangladesh.
“The solutions provided immediate relief to the ecosystem, but there was a need for a comprehensive solution to optimize shipping, port handling and inland logistics that would benefit trade in the long run. By partnering with ISALT , we are establishing a facility that has the potential to partially decongest the landside system and streamline the flow of goods in and out of Bangladesh,” he added.
Besides adding capacity, the facility will provide several other benefits to Bangladeshi exports. Among other things, the new facility is being built by comparing international best practices for safety and other compliance guidelines. It will be a modern multi-storey facility in Chattogram that will have storage on levels G+2.
Maersk will also offer its customers installation of garment on hanger, sorting, product audit, labeling, barcode and RFID reading, among others.