State government administered ports to mirror concessions offered by centre: Shipping Ministry
Indian maritime authorities are urging state-run ports to offer concessions on charges. This follows similar moves by the central government to ease burdens on shipping. The initiative aims to support trade impacted by disruptions in West Asia. A ...
“The ministry is coordinating with states…concessions on storage charges for containers, or reefer plug-in charges are being passed on by state government administered ports as well,” Randhawa told ET.
Control of India’s ports is divided among the centre (major) and state (non-major). The large private sector owned ports in India are also categorised under the non-major category, allowing them greater leeway.
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Non-major ports handle roughly half of India’s export-import (EXIM) trade according to official estimates.
Global energy trade has gone haywire with key West Asian ports out of bounds as Iran and the United States announced separate blockades of the Strait of Hormuz in retaliation to attacks. This has stranded multiple vessels, including Indian-flagged ones which face threats of attacks.
Randhawa said a Togo-flagged chemical tanker was navigating near ships intercepted by the Iranian Coast Guard, during which warning shots were fired. He said all 17 Indian seafarers onboard are safe.
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