Indian, Israeli Shippers In Cooperative Pact
The Shipping Corporation of India Ltd. (SCI) and the Israeli national carrier, Zim Israel Navigation Co. Ltd., have agreed to cooperate in providing a joint container service to the Indian foreign trade.
While the details, such as ports of call, frequency, and other factors have yet to be worked out and will be announced at a later time, the arrangement envisages the development of cooperation in stages.
Zim Israel will gradually introduce vessels with the aim of upgrading the present SCI container service between India and the U.K. to eventually reach a weekly frequency. The joint service will enable the companies, through hubs in Colombo and Barcelona, to transship containers through connecting services to the Far East, the U.S., and South America.
The first stage of the service was slated to begin at the beginning of this year, and the companies have also agreed to cooperate in other transport-related areas.