New container service linking India, Middle East set to start

Image
Press Trust of India Dubai
Last Updated : May 05 2015 | 2:22 PM IST
A new container service connecting the Indian subcontinent and the Middle East will be launched this week, a media report has said.
Evergreen Line and Dubai-based Simatech Shipping have signed a vessel-sharing agreement to jointly operate the new container service.
The weekly loop, branded the Chennai-Colombo-Gulf Service, or CCG, will employ four vessels of around 2,000 20-foot-equivalent units' capacity, with three of the ships deployed by Simatech and one by Evergreen, the Times of Oman report said quoting the Oman International Container Terminal (OICT).
According to the report, the first CCG vessel is expected to depart from Colombo on May 9 and the new service will help further push the move of subcontinental ports to Sohar.
OICT is the gateway for international trade in Oman a hub for regional transshipment traffic.
It is a joint-venture between global port investor, developer and operator Hutchison Port Holdings Limited (HPH), the government of Oman, Steinweg of Netherlands and a number of other well-established Omani Investors.
According to the report, the port rotation for CCG will be Colombo, Sri Lanka, Vizakhapatnam, Krishnapatnam and Chennai, India, Colombo, Cochin, India, Jebel Ali, United Arab Emirates, Sohar, Oman, Cochin and back to Colombo.
"In addition to providing efficient transportation services linking the major ports of southern India and Sri Lanka with the gulf, this important intra-regional service will also connect to Evergreen's global service network via its transshipment hub in Colombo," Evergreen said in a trade advisory.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 05 2015 | 2:22 PM IST

Next Story