Maersk will launch a new ocean shipping service, ‘Shaheen Express’ starting from the last week of November 2022. The ‘Shaheen Express’ will rotate between Mundra, Pipavav, Jebel Ali, Dammam, and Jebel Ali and back to Mundra, creating a stable and reliable service for the India-UAE-Saudi Arabia corridor. The new service will primarily address the rising demand for customers trading between the Indian and the Gulf markets.
The ‘Shaheen Express’ will offer improved transit time and better predictability between Indian and Gulf ports compared to the existing services. It will include two vessels with a nominal capacity of 1,700 TEUs per week.
Bhavan Vempati, Head of Regional Ocean Management, Maersk West & Central Asia, said, “The markets have started stabilising, and the ocean networks are normalising after over two years of disruptions caused by the Covid-19 pandemic. During this time, not only did we strive hard to ensure we addressed all our customers’ challenges, but we also got a chance to look ahead and understand their requirements in the future.”
“Through our customer conversations, we were able to make a more meaningful forecast around the rising demand and proactively deploy a new service to create a supply of space for this demand. We remain committed to our customers in West & Central Asia and want to bring reliable service to them. We will continue building robust partnerships with our customers and design solutions that create value for their business and contribute to the region’s overall economic growth,” he added.
India-UAE Comprehensive Economic Partnership Agreement (CEPA) entered into force in May 2022, steadily boosting the trade volumes between the two countries. The primary commodities moving between these two countries that will benefit from the increased capacity include FMCG (fast-moving consumer goods) such as electronics, perishables such as foodstuff, retail goods including textile and apparel, and chemicals. In addition, ‘Shaheen Express’ will benefit the exporters of the petrochemical sector from the eastern province of Saudi Arabia.
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