31st July 2019
Hapag-Lloyd, COSCO Shipping and its sister company OOCL, ONE and Yang Ming will launch in October a new weekly service between East India, South India, the Mediterranean and North Europe, branded 'IEX' by Hapag-Lloyd, COSCO and Yang Ming, 'IP3' by OOCL and 'IO3' by ONE.
The new service will call at Visakhapatnam, Krishnapatnam, Chennai, Tuticorin, Colombo, Cochin, Damietta, Piraeus, Rotterdam, London- Gateway, Hamburg, Antwerp, Le Havre, Damietta, Jeddah, Colombo, Visakhapatnam. It will turn in nine weeks using nine ships of 6,500 teu, four of which to be contributed by Hapag-Lloyd. The fleet contribution of the other partners has yet to be announced. It is expected to kick off from Visakhapatnam on 26 October.
This service will be the first ever full container link connecting directly the East and South India ports of Visakhapatnam, Krishnapatnam and Tuticorin with Europe. ( Alphaliner )
A good portion of Indian east coast containers currently transshipped over foreign hub ports will likely find their way from origin to destination without short-haul relays.
A total of nine vessels with a capacity of 6,500 TEU each will be deployed on the weekly loop, with Hapag-Lloyd contributing four ships. The IEX will have five port calls on India’s east coast — Visakhapatnam, Krishnapatnam, Chennai, Tuticorin, and Cochin — extensive coverage that can provide shippers with faster transit times than they have ever had, either through existing direct connections or the traditional transshipment mode.