In yet another major development to make Visakhapatnam a container hub, Herbilan Shipping Pvt. Ltd, one of the leading players in shipping, will launch a feeder service connecting Visakhapatnam Port to Yangon in Myanmar from September 4.
The new service will be launched from Colombo to Yangon via Visakhapatnam and back. It will be a 14-day trip.
Merchant Vessel Herbilan Success, with a capacity of 1,158 TEU (twenty-foot equivalent unit) and a 16-member crew will pick up cargo from the city on a fixed day in a week.
“This will be a milestone in transhipment of cargo to destinations like Yangon as well as Colombo,” Visakhapatnam Port Chairman M.T. Krishna Babu told The Hindu .
The new service comes close on the heels of introduction of Chennai-Colombo-Gulf (CCG) feeder operation by Simatech Shipping and Evergreen Line, providing direct connectivity to Sohar in Oman and Jebel Ali near Dubai. Each of them will carry 2,000 TEU.
“We are very happy with the development. For the first time, we will have direct connectivity to Yangon,” Visakha Container Terminal Private Ltd COO Sushil Mulchandani said.
He said this would facilitate export of steel and cement to Yangon and import of timber, pulses, and other cargo from there.
The VCTPL, one of the BOT operators of Visakhapatnam Port, operates the container terminal that is all set for a major expansion. It is expected to invest Rs.820 crore to raise its capacity by 0.54 million TEU to achieve a total capacity of 1.2 million TEU.
The all-weather terminal was set up by the VCTPL, a joint venture by DP World and United Liner Agencies (Pvt.) Ltd, following a concession agreement with the port for 30 years in 2003.
Source: The Hindu