Financial Daily from THE HINDU group of publications
Wednesday, Mar 15, 2006
Financial Daily from THE HINDU group of publications Wednesday, Mar 15, 2006 |
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Logistics
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Shipping Hyundai Merchant plans to link China Our Bureau
Kolkata , March 14 Hyundai Merchant Marine (HMM), the Korean shipping giant already providing twice-weekly SMX service between Singapore and Chennai, proposes to expand its operations in India to connect Chinese ports. HMM, according to shipping industry sources, will shortly launch a new express liner service (CIX) between Shanghai (China) and Nhava Sheva International Container Terminal (NSICT) of Jawaharlal Nehru port. The proposed service, due to begin from March 28, will be undertaken with four container ships and the port rotation will be: Shanghai-Ningbo-Hong Kong-Singapore-NSICT and the journey between Shanghai and NSICT, it is estimated, will be completed within 12 days. The CIX service, it is learnt, will also offer facilities for inland transportation of containers from NSICT to various inland and coastal destinations such as Mumbai, New Delhi, Kochi, Chennai, Coimbatore, Bangalore, Hyderabad, Tuticorin and Tirupur.
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