Hapag-Lloyd, the fifth-biggest container shipping line in the world by market share, has announced a plan to further strengthen its market-leading position in the Indian Ocean by launching a new service connecting the region to Northern Europe.
The new South-East India – Europe Express (IEX) will launch in October 2019 and will include direct connections between India, the Middle East (Jeddah and Damietta) and Europe (Piraeus, Le Havre, Antwerp, Rotterdam, Hamburg and London Gateway).
According to a statement, the new service will be jointly operated with Ocean Network Express (ONE) and COSCO and will be comprised of nine 6,500 TEU vessels, with Hapag-Lloyd contributing four.
Dr Maximillian Rothkopf, Chief Operating Officer (COO), Hapag-Lloyd, had this to say: “Our customers have been talking to us about their growing needs in the Indian and Bangladeshi markets, and we have been listening.
“The introduction of the IEX is a game changer, as it will be the first dedicated direct service from South-east India to Europe, offering connectivity to the global network of Hapag-Lloyd.”