Financial Daily from THE HINDU group of publications
Tuesday, Sep 13, 2005
Financial Daily from THE HINDU group of publications Tuesday, Sep 13, 2005 |
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Logistics
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Shipping Seaways plans second service on east coast Our Bureau
Mumbai , Sept. 12 THE Hyderabad-based Seaways Group is planning to introduce a second coastal service on the east coast to connect the ports of Visakhapatnam, Kolkata and Chittagong. This follows the encouraging response it has received for its first service connecting these ports. According to Capt P.V.K. Mohan, Managing Director of Seaways, the east coast coastal service had also received encouraging response from north India-based shippers. Exporters in Delhi and Punjab were traditionally exporting containers through JNPT and connecting to Bangladesh through transhipment ports of Singapore or Colombo, incurring high costs and transit times that range between 25 and 30 days, he pointed out. The proposed second service will be bigger in capacity than the existing one, he added. The Seaways Coastal Express Service, which has a fixed service of every nine days on Vizag-Kolkata-Chitagong run, not only offers lowest transit times but also reduced transportation costs for the shipper. According to Capt Mohan, the service has proved to be particularly beneficial to exporters of cotton, yarn, machinery, automobiles, engineering goods, food/agro products and perishable commodities to Bangladesh.
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