SeaLead launches FIX2 Service to boost trade links between China and India
SINGAPORE : SeaLead, a fast-growing global shipping line, today announced the launch of its latest service, the Far East India Express 2 (FIX2). This service underlines SeaLead’s commitment to broadening its network and promoting efficient global trade, particularly at a time when trade relations in the region are witnessing significant growth.
The FIX2 service will commence with the MV Baltrum sailing from Ningbo on 2nd March 2024 and will deploy a fleet of five vessels. FIX2 will connect key ports in China (Ningbo, Xiamen, Shekou) to Mundra, and call Port Klang eastbound, before making its return voyage to Ningbo. This initiative is a direct response to the surging demand for more direct and effective shipping services, aiming to strengthen trade connections and spur economic expansion between China and India. FIX2 also enhances SeaLead’s ability to use Mundra as a hub on the westbound leg and offer connections to South Asia, Middle East, Red Sea, Africa and the Mediterranean. The call at Port Klang will also offer the ability to offer connections to other South East Asia destinations.
Mr. SC Chan, Acting Head of SeaLead, stated, “With the introduction of the FIX2 service, we’re enhancing our service offerings to meet customer needs. The service is tailored to improve trade between China and India, supporting the economic growth of these areas. Our focus is on delivering solutions that are attuned to the commercial realities our customers face, fostering better connectivity and streamlined operations for their businesses.”
With trade between India and China reaching a new high of $136.2 billion in 2023, the FIX2 service gains importance with its goal to provide better connectivity between the two nations. With India’s projected economic growth at 7.3% in 2023-24, the service becomes even more crucial.
Mr. Shiva Mahadevan, Managing Director for South Asia and the Middle East at SeaLead, commented, “As trade between India and China reaches new heights, the launch of FIX2 signifies our commitment to facilitating not only growth but also fostering a more interconnected global economy. This service is a testament to our dedication towards enhancing the efficiency and reach of maritime trade routes, ensuring that our clients have access to the most direct and robust shipping solutions available.”
The FIX2 service targets the west coast of India, while the FIX1 service provides direct routes from China to India’s east coast, offer comprehensive benefits to customers. These services ensure seamless connectivity across India’s vast market, enhancing trade efficiency, reducing transit times, and facilitating access to key markets.