Transshipment refers to the transfer of goods from one vessel or mode of transport to another during the journey to the final destination.
How It Works:
- Goods are shipped from the origin port.
- They reach an intermediate hub.
- Cargo is transferred to another vessel or transport mode.
- Shipment continues to the final destination.
Benefits:
- Expands access to global shipping routes and destinations
- Optimizes logistics costs through hub based transportation
- Enables connectivity between ports without direct routes
- Enhances flexibility in international shipping networks
Example:
Goods shipped from India are transferred at a hub port before reaching their final destination in another country.