Indian container market expected to grow further: Hapag-Lloyd launches
two new services
In response to
growing demand, Hapag-Lloyd will offer more services from and to India. Two new
services, the South East India - Europe
Express (IEX) and the Middle East-India-Africa
Express (MIAX), will enter into operation in October.
Both the IEX and the MIAX
will further strengthen and optimize Hapag-Lloyd’s market-leading position in
India and connect the country even more closely to North Europe and Africa. “We
believe in serving the needs of all Indian customers. To do that, a
comprehensive service coverage is essential and the IEX and MIAX will be an
optimal additional to our existing service portfolio” says Dheeraj Bhatia,
Senior Managing Director of Hapag-Lloyd’s Region Middle East.
“Hapag-Lloyd has a strong
network of services connecting key markets through Indian ports. The launch of
two new services – IEX and MIAX – will create stronger opportunities for EXIM
cargo and for Indian manufacturers to cater to global markets. At DP World, it
is our constant endeavour to deliver the best services to our partners in the
supply chain with highest levels of efficiency. We are extremely pleased to be
chosen by Hapag-Lloyd yet again as it reinforces their confidence in our
capabilities to add value to trade. We will work closely with Hapag-Lloyd to
ensure that customers benefit from our multi modal logistics capabilities in
the country to effectively manage their supply chains” adds Rizwan Soomar,
CEO and Managing Director,
DP-World Indian sub-continent, one of the leading terminal providers in the
country.
The IEX, will provide the
only direct connection between South and East India and Europe in the market.
The weekly service, jointly operated with ONE, YML and COSCO, will be made up
of nine 6,500 TEU vessels, with Hapag-Lloyd contributing four ships. The first
departures are scheduled for 26 October.
The MIAX, launching on 12
October, will on the other hand support the growing demand of transport
capacity between India and Africa. Hapag-Lloyd will operate MIAX jointly with
Ocean Network Express. A total of nine vessels with a capacity of 2,800 TEU each,
will serve on this new route, five of which will be provided by Hapag-Lloyd.
Hapag-Lloyd entered the
Indian market 12 years ago and has established a strong presense in the country
with 12 services and 14 offices. The company has experienced significant growth
in transported volumes every year since then. “In recent years we have seen
strong growth in our transport volumes and market share, and today have roughly
a market share of around 9%. There is great potential for further growth in
India and the new IEX and MIAX services are a step into that direction”
confirms Dheeraj Bhatia.
Today, Hapag-Lloyd employs
over 2,000 experts in India and Indians are the largest group of nationalities
in the global Hapag-Lloyd organization.
About
Hapag-Lloyd
With a fleet of 237 modern
container ships and a total transport capacity of 1.7 million TEU, Hapag-Lloyd
is one of the world’s leading liner shipping companies. The Company has around
12,800 employees and 399 offices in 128 countries. Hapag-Lloyd has a container
capacity of approximately 2.6 million TEU – including one of the largest and
most modern fleets of reefer containers. A total of 118 liner services
worldwide ensure fast and reliable connections between more than 600 ports on
all the continents. Hapag-Lloyd is one of the leading operators in the
Transatlantic, Middle East, Latin America and Intra-America trades.
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