Maersk will launch a new ocean shipping service the 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 reliable service for the India-UAE-Saudi Arabia corridor.
The new service will primarily aim at addressing rising demand for customers trading between the Indian and the Gulf markets.
“The markets have started stabilising, and the ocean networks are normalising after over two years of disruptions caused by the COVID-19 pandemic,” commented Bhavan Vempati, Head of Regional Ocean Management, Maersk West & Central Asia.
India-UAE Comprehensive Economic Partnership Agreement (CEPA) entered into force in May 2022, which is steadily boosting the volumes of trade between the two countries.
The main 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.
The Shaheen Express will include two vessels with a nominal capacity of 1,700 TEU per week.