Expected to give fillip to marine container trade to South East Asia and Far East
Giving a fillip to the marine-based containerised trade, a direct weekly service of the Hyundai Merchant Marine (HMM) ACS Service was flagged off from the Krishnapatnam Port Container Terminal (KPCT) in the district on Friday.
The inauguration of the maiden vessel call by ‘M.V. Hyundai Prestige’ crossed a new milestone in the exim trade from the east coast of India to South East Asia and the far eastern countries like Singapore, Japan and China.
The new service is expected to meet the growing international requirements of exporters of tobacco, shrimp, cotton, granite, buffalo meat and chillies, and importers of solar panels, furniture, pharmaceuticals and timber.
Y.D. Park, Managing Director, Hyundai Merchant Marine India, and Anil Yendluri, Chief Executive Officer, Krishnapatnam Port, were present at the formal inauguration of the maiden call of the vessel.
The HMM officials said that the port rotation of the weekly service would cover Krishnapatnam, Port Klang, Singapore, Pusan, Ulsan, Shanghai, Hong Kong and Yantian.At a special ceremony, N. Jithendra, Chief Operating Officer, KPCT, welcomed the vessel by presenting a memento to its Captain Musteata Loan.
They sought to assure that the weekly service will provide the fastest and most competitive service to the exporters and importers of Andhra Pradesh, Telangana, Karnataka and northern Tamil Nadu.
It will ensure the fastest connectivity to the ports of Port Klang, Singapore, China, Busan, U.S. West Coast and European markets.
Source: the hindu