-1.1 C
Hamburg
Sunday, February 16, 2025
Home News Relaxation of cabotage boosts Indian ports

Relaxation of cabotage boosts Indian ports

Union Shipping Secretary Gopal Krishna on Tuesday (Oct. 30) said relaxation of cabotage for foreign-registered vessels has helped reduce coastal shipping rates and Indian seaports like Krishnapatnam and Visakhapatnam are attracting a share of cargo which was previously transshipped at Singapore or Colombo.

The Centre relaxed cabotage for foreign registered vessels in May. It allowed foreign liners to pick up cargo en-route. Shipping Line Maersk has already opened coastal links between Kolkata- Paradip and Kattupalli port of the Adani group in Chennai to facilitate coastal shipping.

“We are getting back the cargo,” Krishna said. According to him coastal shipping failed to grow due to various restrictions involving the ownership of ships, which in turn impacted the availability of ships. The cabotage relaxation has “impacted” the supply.

However, to further promote the sector which would benefit consumers in terms of lower logistics cost, India should do away with the restrictions.

Read more on The Hindu BusinessLine.





Latest Posts

Why YouTube Shares Matter for Shipping and Supply Chain Brands

If you run a shipping or supply chain brand, having a presence on YouTube is essential to finding new clients and getting your name...

How To Determine The Right Storage Container For Your Needs

From transporting to storing to organizing merchandise, the storage container takes top priority. Whether you're clearing your home, moving, or stashing merchandise, good storage...

The Role of Container Shipping in Global Supply Chains: A Focus on Heavy Equipment

In today's global economy, container shipping is essential to the functioning of numerous supply chains. Efficiently moving goods across oceans is essential to every...

How Indiana can Improve its Infrastructure and Reduce the Number of Car Accidents

How frequently do you, either as a driver or pedestrian witness or hear about traffic accidents? Unfortunately, road accidents have become an everyday occurrence...

Weekly Update: Container Shipping Stock Highlights

The container shipping market saw a dynamic week, marked by notable fluctuations in stock performance among key players. Factors such as tariffs, political tensions,...
error: Content is protected !!