Krishnapatnam Port located in Nellore district of Andhra Pradesh on Friday night flagged off the direct container shipping service between the India and Myanmar. This service is expected to change the way sea trade has been so far on the East Coast.
C Sasidhar, Managing Director, Krishnapatnam Port Company Limited and S Narula, Director-Liner and Passenger Services, The Shipping Corporation of India Ltd, flagged off the Yangon direct service at the Krishnapatnam Port Container Terminal late on October 3.
The Yangon service is a fortnightly container service operated by The Shipping Corporation of India connecting the Indian Subcontinent with Myanmar.
KPCL will facilitate the fortnightly service to the Port of Yangon, which is about 1,100 nautical miles. The new service, with a 1200 TEUs vessel SCI Kamal, will connect the ports of Chennai-Krishnapatnam-Yangon-Colombo and will enable the trade to reach these destinations quicker and at a reduced cost. Krishnapatnam Port Container Terminal’s will help the traders to export clinker, telecom equipment and cars; import pulses, timber and garments.
C Sasidhar said, “The Shipping Corporation of India new service from our Port will definitely change the way sea trade has been so far on the East Coast.”
“We aim to bring a paradigm shift in the Indian Shipping industry and look forward for more such initiatives in future,” he added.
S Narula said, “The Yangon service will boost bilateral trade relations between India and Myanmar by opening immense opportunities for exporters and importers in these countries. We are glad to associate with Krishnapatnam for the new service and thereby facilitate trade to reach out to the growing markets in Myanmar.”
This is in line with the Government focus on developing bilateral trade between India and Yangon.
KPCT organised a trade meet in Yangon to showcase the business opportunities for mutual trade. It also held a trade meet in Abidjan, Ivory Coast that saw a significant increase in export of rice.