![]() Financial Daily from THE HINDU group of publications Saturday, Oct 29, 2005 |
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Logistics
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Shipping Seaways Shipping extends feeder service to Chennai Our Bureau
Chennai , Oct. 28 SEAWAYS Shipping has extended its Bay of Bengal feeder service to Chennai. The new port rotation will be Chennai-Kolkata-Chittagong-Visakhapatnam-Chennai with the container vessel Coastal Express 1 making her maiden call at Chennai Container Terminal (CCT) on Thursday. The vessel will call at Chennai once in 12 days, according to a CCT press release. This service would benefit importers and exporters trading with Bangladesh, and, hitherto, shipping their containers through Colombo, Port Kelang or Singapore ports for onward carriage to Bangladesh. They can now avail themselves of a direct service, which reduces the transit time of their shipments by four days, and also does away with the necessity of multiple handling of containers. Exporters of cotton yarn, machinery, tyres and chemicals can draw competitive advantage from this direct service, the release said. An additional advantage for the Chennai shipping trade is that since Seaways Shipping is an Indian flag operator, it has a coastal cargo licence that permits it to carry containers from Kolkata to Chennai and vice versa, for transhipment on to the various mainline vessels that call at CCT. Shipping lines can, therefore, avail themselves of transhipment at CCT, thus, saving costs at other transhipment ports. While catering to the export cargoes, the service can also induce domestic movement between Visakhapatnam, Chennai and Kolkata, the release added.
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