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CABOTAGE RULE
Shipping ministry gives six-month breather to foreign flagged ships moving domestic cargoIndia is opening its shores to foreign vessels, allowing them to transport cargo along its coast for the next six months. This strategic de...- India may relax cabotage rules amid West Asia shipping crunchIndia might ease cabotage rules for foreign ships carrying domestic cargo. This move is being considered due to a potential shortage of ves...
- India may ease permits for foreign flagged vessel to ship domestic containersIndia is considering relaxing cabotage rules for foreign vessels to address a potential shortage of ships and containers amid rising freigh...
- Relaxed cabotage rules may move transshipment to Indian portsThe cabotage rules are considered one of the biggest hindrance preventing Indian ports to act as transshipment hubs, where a mother ship di...
- Government mulls allowing foreign vessels in coastal watersThe move would facilitate transportation of cargo between different ports along the country's coastline.
- What India needs now is fewer ports with higher capacity: Franck Dedenis, MD India, Maersk LineMaersk Line, the world's biggest container shipper, controls an 18.9% market share in India. The company shipped 1.7 million TEU (twenty fo...
- Make in India: PMO likely to give final nod to cabotage relaxation in 15 days, says Nitin GadkariThe Prime Minister's office will likely give a final nod to total relaxation of cabotage rules, a move that will make way for global shippe...
- We have a lot of appetite to grow in India: Soren Skou, CEO of Maersk LineMaersk Line is part of AP Moller-Maersk Group, a Danish business conglomerate, which is keen to invest in port infrastructure.
- Gautam Adani meets Oommen Chandy, Opposition leaders in KeralaChandy said he has urged Prime Minister Narendra Modi to relax the cabotage rules for the proposed Rs 7,525 crore Vizhinjam Port in the sta...
- Govt seeking middle ground to free coastline for foreign ships; may ease cabotage normsCabotage refers to the transport of goods or passengers between two points in one country by a ship or aircraft registered in another count...
- Cabotage rules restrict Gujarat cotton mills’ trade with foreign shipsExporting cotton to China still works out cheaper than shipping goods to Tamil Nadu, the state with the highest demand for cotton.
- Shipping ministry to ask for removal of customs duty on marine fuels for vessels carrying cargo for transshipmentIndia levies 25-30% customs duty on bunker, or marine fuel. Removing the tax, the ministry feels, would draw big container ships to Indian ...
- Adani Ports, Visakha Container Terminal seek Cabotage reliefThese companies say that they are losing out on massive cargo volumes and port revenues because of the stringent coastal shipping rule.
- Shipping revival unlikely before 2015: India RatingsHigh fuel prices and the lower revenue due to a dent in getting charters will also hurt operating margins of shipping firms.
- Defence Ministry: no hindrance to Vallarpadam getting cabotage relaxationAuthorities at Cochin Port and Vallarpadam Terminal express confidence that the promised waiver will be a reality soon
- Relaxation of Cabotage law to benefit Gateway DistriparksThe relaxation of cabotage law for Vallarpadam terminal augurs well for Gateway Distriparks, which may see an improvement in CFS volumes in...
- Easing the law on container transshipment will reduce freight rates & boost shippingEasing the law on container transshipment in coastal waters will reduce freight rates and boost shipping
- Centre likely to relax Cabotage rule to promote coastal tradeTo promote trans-shipment at ports, the Centre is likely to relax the Cabotage rule so that foreign vessles may be permitted to carry cargo...
- 'East coast of India is going to be next North Sea'Ravi K Sheth, managing director of Greatship (India), a subsidiary of Great Eastern Shipping Company in an interview with ET talked about t...
- DGS extends cabotage NOC network to all shipownersThere is good news for local shipowners - irrespective of whether they are big or small, whether they are a member of Indian National Ship-...
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