Indian reports say PSA International has won over three box liners from rival operator DP World, to use its new terminal in Chennai by offering lower rates.

A service (Indfex 2) run by Pacific International Lines (PIL), K Line
America and state-run The Shipping Corporation of India (SCI) will
start calling at Chennai International Terminals (CIT) from December
16, sources said.

Local firm Sical Logistics owns a share in CIT, but PSA International
is the controlling stakeholder with an approximate 75% holding.

The three liners currently call at DP World’s Chennai Container Terminal (CCT) as part of Indfex 2.

Indfex 2 is a direct weekly service shipping boxes from the east coast
of India to East Asia, South Asia and South-East Asia, mainly China and
back.

There are to-date two box terminals at the state-owned port of Chennai.

“The consortium partners have given a termination notice to the DP
World terminal to stop calling there after signing an agreement with
the PSA terminal,” an executive at SCI told LiveMint.com. “We were able
to negotiate better rates with the new terminal.”

Source: Portworld

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