Thursday June 20, 2019

Japanese alliance adds Sri Lanka’s SAGT to new container shipping service

Apr 23, 2018 19:40 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT – Ocean Network Express, a new global container carrier alliance of three Japanese liner companies, has included Sri Lanka’s Colombo port in one of its loops with a maiden call at the private South Asia Gateway Terminals (SAGT).
Ocean Network Express (ONE), the mega carrier born out of the merger between NYK, MOL & K Line, launched the EC5 service in Colombo on 23rd April, 2018, a statement said.
The EC5 service loop is jointly operated by member carriers Yang Ming, Hapag-Lloyd, NYK and “K” Line, with a port rotation of Laem Chabang, Cai Mep, Singapore, Colombo, Halifax, New York, Savannah, Norfolk, Halifax, Dubai Jebel Ali, Singapore and back to Laem Chabang.
 “SAGT’s operational capabilities have been frequently recognised on the global arena, and ONE’s choice to deploy the EC5 service is an endorsement of our performance capabilities,” said Upul Jinadasa, General Manager – Operations of SAGT.
Vishvanath Daluwatte, Managing Director of ONE Lanka, said ONE Lanka “looks forward to the partnership with SAGT and Port of Colombo to exceed customer expectations in Sri Lanka and in regional markets.”
The three lines NYK, MOL and K Line first announced the merger in November 2016 and commenced single joint operations in April 2018, making them the sixth largest carrier by size with nearly 7% market share. 
The alliance has a fleet of 230 containerships and offers 85 service loops and a comprehensive network linking more than 200 of the world’s major ports.
John Keells Holdings is the main shareholder in South Asia Gateway Terminals, the first private container terminal, with other stakes held by Maersk/APM Terminals, Sri Lanka Ports Authority and Peony Investments, a subsidiary of Evergreen Marine Corporation.
(COLOMBO, April 23, 2018)


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