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.
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Episode notes
Mumbai Port Transformation
- Keith Svendsen's first port of call as a cadet in 1991 was Mumbai, which took five days.
- He contrasts that experience with the hyper-modern port of today, highlighting the progress made.
SIPA Trade Agreement Impact
- Chris Cook notes a major shift in the India-UAE trade relationship due to the SIPA trade agreement.
- This agreement accelerated trade, particularly in oil, food, and retail products.
Maersk's 2024 Performance
- Despite geopolitical challenges and disruptions, Maersk had its third-best year in 2024.
- Key lesson: resilience and responsiveness are crucial in global logistics, and demand persists.