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INDIA CABOTAGE RULES
Govt looking at ways to promote shipping sector, says Commerce Minister Piyush GoyalUnion Commerce and Industry Minister Piyush Goyal highlighted India's potential in ship-building and maritime trade during a virtual confer...
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...
Will achieve $40 billion textile exports: Textile Minister Santosh Kumar GangwarWhen asked about the status of the textile industry, Gangwar, said that technical textile, which has so far remained untapped in India, was...
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.
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 Ratings
High fuel prices and the lower revenue due to a dent in getting charters will also hurt operating margins of shipping firms.
- LOTS Shipping Ltd is entering coastal shipping with M V Beypore Sultan
LOTS Shipping Ltd, India’s premier inland water transport company, is entering coastal shipping with M V Beypore Sultan, the first indigeno...
- Relaxation of Cabotage law to benefit Gateway Distriparks
The 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 trade
To 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...