India is set to become the world’s third largest oil consumer, behind the US and China, by 2025, and according to the International Energy Agency (2018), the country, together with China, is estimated to contribute nearly 50% of the demand growth from today to 2023.
“India is one of the world’s fastest developing economies,” says Christian M. Ingerslev, CEO of Maersk Tankers. “As the world’s second largest product tanker company, with a fleet of 164 vessels, Maersk Tankers is well-equipped to contribute to meeting India’s growing demand for energy.”
Maersk Tankers has been providing customers and partners services out of India for the past eight years. The company builds upon this experience when it boosts the activities in the region by consolidating its competencies in one central location, Mumbai, bringing together 140 employees across various functions, including commercial and technical operations, accounting and HR.
“As India’s centre of maritime activities, Mumbai is a strategic location for customers, commercial partners and for us. Our presence here will help us be closer to those of our customers and partners whom have established businesses in the region and strengthen our service offerings to them,” says Ingerslev.
Over time, the company is planning to grow the number of employees in Mumbai, benefitting from the region’s large market for employees. The presence in Mumbai also opens up connections to the digital and technological know-how and expertise that Mumbai holds.
“Our establishment in Mumbai facilitates collaboration with companies that hold digital and technological expertise, helping us to further develop our position as the digital frontrunner in the product tanker industry,” Ingerslev explains.
The establishment of the new office in Mumbai is part of the company’s establishment under its new ownership, changing from A.P. Møller – Mærsk A/S in 2017 to A.P. Møller Holding.