Mumbai/Dubai/Jeddah: A.P. Moller-Maersk is all set to launch Shaheen Express by the last week of November 2022. The Shaheen Express would cruise around Mundra, Pipavav, Damman, Jebel Ali and back to Mundra- thus creating a clean route for the India-UAE-Saudi Arabia corridor. The new services is expected to ease the rising trade between the Indian & the Gulf markets.
Bhavan Vempati, Head of Revenue, A.P. Moller-Maersk added “Through our customer conversations, we were able to make a more meaningful forecast around the rising demand and proactively deploy a new service to create a supply of space for this demand.”
In May 2022, India-UAE Comprehensive Economic Partnership Agreement (CEPA) came into action, which is steadily boosting trade activities between 2 countries. FMCG (fast-moving consumer goods) such as electronics, perishables (food), textiles, apparel and chemicals are expected to benefit from this move. The ‘Shaheen Express’ will also benefit players of petrochemicals from the eastern province of Saudi Arabia.
The ‘Shaheen Express’ will include two vessels with a nominal capacity of 1,700 TEUs per week.