A.P. Moller–Maersk (Maersk) and Castlery, the Singapore-founded international furniture brand, have signed a 10-year ocean and integrated logistics service agreement.
Maersk will provide end-to-end logistics solutions, covering ocean freight, intermodal transportation, and distribution, alongside strategically located warehousing in key markets.
The collaboration builds on years of working together, with Maersk’s solutions contributing to optimising Castlery’s supply chain operations, inventory management, and last-mile logistics.
With the introduction of Maersk’s new network under the Gemini Cooperation, Castlery is set to benefit from enhanced reliability and improved delivery lead times, allowing for leaner inventory and better cost efficiencies.
READ: Maersk tops schedule reliability rankings in November 2024
“We have worked hard to create an integrated one-stop logistics service model that unlocks value across Castlery’s supply chain,” said Elaine Low, Area Managing Director, Southeast Asia, Maersk.
“We are thrilled to continue supporting their growth ambitions in different parts of the world by playing our part as a reliable logistics partner to ensure Castlery’s furniture reaches their end consumers timely and seamlessly.”
Earlier this month, Maersk reported strong financial results for 2024 with growth across all segments and significantly improved profitability with EBIT increasing 65 per cent to $6.5 billion.
