Indian Container Market Expected To Grow Further: Hapag-Lloyd Launches Two New Services
With the growing demand, Hapag-Lloyd has decided to offer more services from and to India. In October two new services that come into operation are South-East India – Europe Express (IEX) and the Middle East-India-Africa Express (MIAX).
These will strengthen the position of Hapag-Lloyd in the Indian market and will help in connecting the country with North Europe and Africa further “We believe in serving the needs of all Indian customers. To do that, comprehensive service coverage is essential and the IEX and MIAX will be an optimal addition 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 the 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 only direct connection between South and East India and Europe will be provided by the new IEX. The ONE, YML and COSCO operated weekly service that will have nine 6,500 TEU vessels is scheduled for its first departure on 26 October. It will have four Hapag-Lloyd ships.
The MIAX which will be launched on the 12th of October will help in supporting the increased transport capacity demand between India and Africa. MIAX will be operated by Hapag-Lloyd jointly with ONE. Nine 2,800 TEU capacity vessels will serve in this route. It will have five Hapag-Lloyd ships.
It’s been 12 years since Hapag-Lloyd entered the Indian market. It now offers 12 services and has 14 offices in the country. “In recent years we have seen strong growth in our transport volumes and market share, and 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.
Ever since its establishment, Hapag-Lloyd has grown and employs over 2,000 experts in India and Indians being the largest group of nationalities in the global Hapag-Lloyd organization.