The IEX will provide the only direct connection between South and East India and Europe in the market. The weekly service, jointly operated with Ocean Network Express (ONE), Yang Ming Line 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 ONE. 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.
“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,” 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,” added Rizwan Soomar, ceo and managing director, DP-World Indian sub-continent, one of the leading terminal providers in the country.
Hapag-Lloyd entered the Indian market 12 years ago and has 12 services and 14 offices.
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