Financial Daily from THE HINDU group of publications
Wednesday, Oct 19, 2005
Financial Daily from THE HINDU group of publications Wednesday, Oct 19, 2005 |
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Logistics
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Shipping More foreign lines plan services to and from India Our Bureau
Kolkata , Oct. 18 A BUOYANT market has spurred new services by foreign shipping lines to and from India. Yang Ming Line (YML), Korea Marine Transport Co (KMTC) and Samudera Shipping Line Ltd (SSL) have announced that they will jointly operate, from November, an express service connecting the Far East to India and West Asia and the service will be named the China-India-Middle East Express (CIX). Similarly, MOL (Mitsui-OSK Line), in partnership with Advance Container Lines (ACL) and Simatech Shipping & Forwarding LLC, is launching a new service from next month between Nhava Sheva International Container Terminal (NSICT)/Tuticorin and the Singapore Straits to meet the increasing demand for cargo transportation to and from India. The service has been named Nhava Sheva Tuticorin Straits Express (NTX). CIX will be a fixed-day weekly service to be operated with four vessels, each with a capacity of 1,200 TEUs. The round voyage will be completed in 28 days. NTX will be operated with three vessels with a capacity of 700/800 TEUs each and the transit time between Singapore and NSICT will be eight days and between Singapore and Tuticorin six days. The CIX service is scheduled to start from November 15 with the following port rotation: Hong Kong - Singapore - NSICT - Jebel Ali - Singapore - Hong Kong. The maiden voyage of NTX from Singapore will be on November 5 and the port rotation will be: Singapore - Port Kelang - NSICT - Colombo - Tuticorin - Colombo - Port Kelang - Singapore.
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