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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Episode guests

Christopher Cook

Keith Svendsen

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Episode notes

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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.

Intro

3min

Navigating Trade and Growth in India's Logistics

18min

Strategic Growth and Innovative Advancements in Global Logistics

2min

Enhancing Reliability and Capacity in Indian Shipping Markets

2min

India's Shipbuilding Renaissance

11min

Navigating Overcapacity and Supply Chain Resilience in Shipping

3min

Shipping giant AP Moeller Maersk just announced its biggest investment commitment to India: $5 billion. The investment will mostly be spent in trying to renew an existing port contract and bidding for a new one. But are there other projects on the anvil? What about logistics and shipbuilding? The company has been slower than its rivals to expand: globally and in India. But will a recent blockbuster profit and an overhaul of the network unleash its animal spirits? Host Anirban Chowdhury talks about it all with Keith Svendsen, Chief Executive Officer, APM Terminals and Christopher Cook, Managing Director, India, Bangladesh and Sri Lanka.

If you like this episode, check out more Corner Office Conversations from the podcast: Adar Poonawalla, Sandip Patel, The Mega Listing Of Vishal Retail, Antonoaldo Neves, Rajesh Jejurikar, Srikanth Velamakanni, and more!

You can follow Anirban Chowdhury on his social media: Twitter and Linkedin

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