A new direct trade link established to boost trade between Kolkata to Shanghai

  • June 18, 2024
  • News

In a major boost for trade and logistics in Eastern India, Kolkata’s SMPK has launched a direct container vessel route from Shanghai, China. This move aims to streamline operations and slash logistics expenses significantly. Announced on June 10, it includes a new weekly express service linking Port Klang in Malaysia and Yangon Port in Myanmar.

Traditionally, cargo between China and Kolkata relied on hubs like Singapore. This direct route signals a shift to more efficient shipping paths. The maiden voyage of the SITC Nagoya arrived at Haldia International Container Terminal on June 6 from Shanghai, with the SITC Tianjin expected by June 12.

Rathendra Raman, Chairman of SMPK, highlighted the economic advantages, predicting a 35% reduction in shipping costs compared to traditional routes. This cost-effectiveness is expected to bolster trade between India and key Far East nations.

Managed by J M Baxi Ports and Logistics, the route includes Port Klang, Haldia Dock Complex, Yangon Port, and Shanghai. This ensures a direct link between Far East ports and Kolkata.

The development benefits stakeholders across West Bengal, Odisha, Chhattisgarh, Bihar, the North East of India, and neighbouring countries like Nepal and Bhutan. Reduced transit times and costs enhance cargo efficiency and foster economic integration with prominent trading partners in the Far East.