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September 27, 2019: Growing demand in the container shipping market has prompted liner shipping company Hapag-Lloyd to launch two new services - the South East India - Europe Express (IEX) and the Middle East-India-Africa Express (MIAX).
Making the announcement at an event in Mumbai on Friday, Lars Sorenson, managing director of Hapag-Lloyd's Region India said, "I can assure you that there are not many shipping lines that launch two new services in the same month, in the same country.
The weekly service, jointly operated with ONE, YML and COSCO, will be made up of nine 6,500 TEU vessels, with Hapag-Lloyd contributing four ships.
“We believe in serving the needs of all Indian customers.
Of course we do not see a slowdown on the west coast, but that's how we also need to make a judgement on where to put our next investments," said Bhatia, adding that there is no other economic direction for India than to rise up.
We believe the exim market and domestic trade will actually pick up.
