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The Morning Brief
Corner Office Conversation with Maersk’s Keith Svendsen and Chris Cook
Mar 4, 2025
Keith Svendsen, CEO of APM Terminals, and Christopher Cook, Managing Director for India, Bangladesh, and Sri Lanka at Maersk, dive into the company's ambitious $5 billion investment in India. They discuss the transformation of port operations and Maersk's evolving role in global trade. Insightful topics include the launch of the innovative Gemini network, enhancing shipping capacity, and India's shipbuilding advancements at Alang Shipyard. The conversation also touches on adapting to global shipping challenges and future growth strategies.
38:05
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Quick takeaways
- Maersk's $5 billion investment in India aims to enhance port operations and capture emerging trade opportunities, despite previous slow expansion.
- The company's focus on sustainability includes launching dual-fuel methanol ships and integrating renewable energy projects into its Indian operations.
Deep dives
Maersk's $5 Billion Investment in India
Maersk has announced a landmark investment of $5 billion in India, aimed at enhancing its presence in the market and supporting local port projects. A significant portion of this investment will be dedicated to the Pipavav port in Gujarat and a planned container terminal at the Vadavan mega port project. However, both investments hinge on critical conditions, including the renewal of APM terminals' 30-year concession for Pipavav, set to expire in 2028, and winning the bid for the Vadavan terminal. This substantial investment comes as Maersk faces scrutiny for its slow expansion in India, making it a pivotal moment for the company in the region.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode