As shippers are facing delays in sending their cargo to European destinations due to the Red Sea crisis, Trucknet, an Israeli logistics start-up has weaved up a solution to move cargo by road between Dubai and the Adani-run Haifa port in Israel. The big plan is to move cargo through Saudi Arabia and Jordan to reach Haifa port and proceed to Europe by sea.
For Indian exporters, a multimodal route is being planned which will see cargo from Mumbai or Mundra being sent to Jebel Ali, from where it could be sent by road to Haifa, and then via ships to reach ports in Europe or the US. Though Trucknet currently cannot match the high volume that’s moved by sea, it has a solution to move urgent goods such as medicines.
The company recently entered into a land bridge agreement with UAE-based counterpart Puretrans FZCO and DP World of Dubai. The transit time will reduce by 80 per cent, compared to maritime routes.
The current circuitous route via Cape of Good Hope will add nearly 6,000 nautical miles to a typical voyage from Asia to Europe and double the travel time to more than a fortnight. As ships spend more time sailing, their turnaround time is curtailed, and more of them are needed to be put into service.
