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Ctg-Chennai-Europe shipping route opens in Nov
Deshsangbad Desk
Published : Friday, 18 October, 2019 at 7:42 PM

A new strategic Chattogram-Chennai-Europe shipping route is likely to commence next month which is expected to reduce lead time.

Currently, Chattogram-Colombo, Chattogram-Singapore and Chattogram-Port Klang lines connect Europe and America through shipping vessels.

The external traders of Bangladesh are very familiar with these routes for export-import business.

As proposed, domestic goods will reach the Chennai-based Krishnapatnam Port, popularly known as KPCL, and load them onto mother vessels meant for central Europe.

The private KPCL deep seaport has been promoting the route as the country's external trade has been riding high on the back of higher export and import.

Once the route gets going, lead time meant for European market is due to drop at least two days which may boost shipment, people in shipping circles told the FE.

Apart from this, imports from India, the second-biggest trade partner of Bangladesh, may quicken as well. To this end, a KPCL team, led by director Ms Vinita Venkatesh, visited Dhaka and Chattogram weeks ago. KPCL is luring the mainline operators by making them offers like 100-day free time of containers.

Shipping lines Hapag-Lloyd of Germany, Cosco Shipping of China, Yang Ming of Taiwan and Ocean Network Express of Japan have already showed interest in the new route.

Shipping executives having knowledge of the development shared this to the FE.

Deshsangbad/fh/mmh


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