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In addition, the Hapag Lloyd and Hamburg Süd shipping lines have further upgraded their joint service between Hamburg and India by deploying larger vessels. The seven 4,200 TEU ships so far operated on the India Ocean Service (IOS) will be replaced by vessels with a capacity of around 5,500 TEU. As a result, more cargo can be transported between Hamburg and India. IOS serves the Indian ports of Mumbai-Nhava Sheva and Mundra. The European Union is India’s top trading partner worldwide, ahead of the United Arab Emirates, China and the USA. With trade between Germany and India totalling 15.4 billion euros in 2010, the Federal Republic is India’s most important trading partner in Europe. The target for 2012 is a trade volume of 20 billion euros. As Germany’s leading port, Hamburg maintains an outstanding position in European seaborne trade with India. In 2010 around 2.6 million tons have been transported between the Hanseatic city and India. By comparison with the previous year, the volume of cargo handled between Hamburg and India rose by around 23 percent. About 48 percent of total tonnage is attributable to exports. The main goods shipped from Hamburg to India are fertilizers, machinery/plant, chemical products and chemical substances. Clothing and textiles, stoneware, other finished goods, chemical products and textile raw materials predominate on the import side. Imports of Indian goods rose last year by around 40 percent. Growth of nine percent was also reported for German exports to the world’s second most populous country. Container handling is far and away the most significant feature of goods traffic between Hamburg and India. Totalling 180,000 TEU in 2010, containerized transport accounted for a dominant 85 percent share. After the first nine months of this year, moreover, with an advance of around 11 percent to 148,000 TEU, the volume of containers transported directly between Hamburg and India continued to grow. In terms of container traffic, India currently ranks 12th among Hamburg’s trading partners. India’s leading container port is the public sector Jawaharlal Nehru Port Trust (JNPT) that is to be expanded to a capacity of 8.5 million TEU by 2015. Port of Hamburg press release |