The two lines will contribute one vessel each to the Gulf India Express weekly service which will call the ports of Mundra, Nhava Sheva, Sohar, Jebel Ali, and Dammam.
The service will be launched on 22 February when the vessel Taichung is due to depart from Jebel Ali.
SC Chan, Acting Head of SeaLead, highlighted the strategic importance of the new service, stating, “The Gulf India Express is a critical addition to our services, designed to enhance the trade corridor between India and the Gulf region. As Saudi Arabia and UAE are key trading partners with India, this service aims to support the growing trade demands and foster stronger business relationships between these regions.”
Chan took over as Acting Head of SeaLead at the end of last week following a change in ownership of the world’s 16th largest container line, which was set-up in 2017.
SeaLead changes ownership, top management
Founded in 2017 SeaLead now ranks as the world’s 16th largest container line according to analysts Alphaliner has changed ownership structure.
In a statement SeaLead said that with immediate effect it would be owned by a group of four investors comprising – Eurasia Capital, HCP Investments, Access Capital Funds, and VCC subfund Saral Incorp.
“The transition to new ownership is driven by SeaLead’s consistent performance and potential for further development in the container shipping industry,” the company stated.
“The new ownership aligns with SeaLead’s strategic objectives, aiming to leverage the company’s growth trajectory through enhanced governance and access to global capital markets.”
The change in ownership will also a new board of directors and a change in top management. Managing Director Henry Schmidl is leaving the company, and in the interim will be replaced by SC Chan a strategic advisor to SeaLead since November 2022. Chan is a liner industry veteran and was previously Regional Managing Director for OOCL Singapore.
A new board of directors will be announced at a later date.
“This change is not expected to lead to any disruption to SeaLead’s operations, ensuring a seamless transition for customers, employees, and partners,” the company said.
