Maersk introduces end-to-end export and import service at Kakinada
The Dollar Business Bureau Maersk Line India, the global containerised division of Maersk Group, announced on Monday that it is introducing export and import service offerings at Kakinada Port in Andhra Pradesh. “This end-to-end service (store door) will enable customers in the region to reach global touch points,” the company said in a statement. With this first time offering in Kakinada, Maersk Line will be able to containerise cargo at its origin, cut out wastage and complexities of dealing with multiple vendors and help move it to port in a cost-effective manner, the statement said. “This will have a direct bearing on rice farmers and growers in the region that would benefit from the ease that it brings and makes customers compete successfully in ...
Indias EXIM container trade growth to be in two digits: Maersk
The Dollar Business Bureau The biggest container shipping company in the world, Maersk Line, said on Wednesday that the growth of EXIM container trade of India in the current year is likely to be in two digits. “In 2017, the growth is likely to be in two digits provided that India maintains its growth in markets like the Middle East, Latin America and East Africa, enhancing its client portfolio and diversifying the risks,” the company stated in its 2016 Annual India Trade Report. As per the Global Economic Prospects report by World Bank, growth of global trade in 2016 was the slowest since the world financial crisis in 2009. “India, in spite of that, has done well and consolidated its place with the international containerised trade. ...
India maintains strong trading position with UK: Maersk Line
The Dollar Business Bureau India has sustained its strong position in trading with the UK, by witnessing a 6% growth year-on-year for the first half of this year, in terms of exim container trade volumes, Maersk Line said on Thursday. “As UK's third-largest trading partner, India's exim (export-import) container witnessed 6% growth in first half of 2016, which is three times the growth we saw in H1 2015,” the container shipping company said in a statement.The given growth took place despite a 2% fall in the exim container trade volumes of the UK with rest of the world in the same period, Maersk Line said.With regards to exports, India's major containerised commodity categories of stones and tiles, garments, metal and kitchenware and appliances, ...
KPCT, Maersk launch weekly mainline service to China
The Dollar Business Bureau Krishnapatnam Port Container Terminal (KPCT) has launched a weekly mainline service to China which will be operated by Maersk line in partnership with Hanjin Shipping of Korea. Maersk Line MD Franck Dedenis and KPCT Director and CEO Anil Yendluri inaugurated the mainline service at Krishnapatnam Port on Monday. This new service will offer competitive services to the exporters and importers of South Indian states particularly Andhra Pradesh, Telangana, Karnataka and Tamil Nadu to transit bulk cargo to the ports of China, South-East Asia, and other Asian countries. Currently, it takes 40-45 days for the cargo from South India to reach the consignee in China. This will be reduced by 50% with the launch of the direct mainline service. Anil Yendluri said that Bangalore, Hyderabad ...
Maersk to have ultra-large vessels soon, not to call Indian ports initially
Sisir Pradhan | The Dollar Business World’s largest container ship liner Maersk Line has signed a MoU with South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering for construction of 11 plus 6 optional second generation Triple-E container vessels. The ultra-large container carriers will have a capacity of 19,630 TEU (twenty-foot equivalent) each and have a length of approximately 400 meters, width of 58.6 meters, and a draft of 16.5 meters. Maersk Line has said the new vessels will be the largest in its fleet and the vessels will replace smaller and less efficient vessels on busy Asia-Europe trade route. Notably, due to rising fuel cost and stricter environmental norms, vessel operators around the world are introducing larger carriers which can ...
Krishnapatnam Port plans to become Indias largest container terminal by 2020
Sisir Pradhan | @TheDollarBiz Krishnapatnam Port, on the eastern coast of India, plans to become the single largest container terminal in India by FY2020 with a total annual capacity of 6.0 million TEUs, up five-times from the current capacity of around 1.2 million TEUs per annum, Krishnapatnam Port Company Limited CEO Anil Yendluri told The Dollar Business. According to the Ministry of Shipping, global container throughput will reach 1 billion TEUs by 2020 and India’s container traffic (excluding transshipment) is likely to grow between 18% and 23% in the next 4-5 years. The growth in container traffic exhibits a strong linkage to GDP growth and most developing container traffic at Indian ports has registered growth at a CAGR of ...
