For Singapore-based PSA, the investment cements a beachhead in a West India market primed to benefit from Asian trade diversification and burgeoning consumer demand.
The expedited service will require terminals within the Northwest Seaport Alliance to load rail-bound trains within 48 hours of vessel arrival, significantly faster than the average dwell times of eight to 15 days experienced last year during a surge in container volumes.
While the Gemini Cooperation is hitting its schedule reliability goals, Hapag-Lloyd’s chief executive said fully unwinding its former carrier alliance and dealing with terminal congestion in some locations are providing challenges.