To attract manufacturers and transporters to the coastal shipping mode of transport from road and rail movement of their goods, the Union Ministry of Shipping is planning to offer them certain incentives. Currently, in India, over 60 per cent of the domestic cargo is moved by road and 30 per cent by rail, with coastal shipping accounting for only about 8 per cent.
Tag: coastal shipping
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Cargo cost set to come down thanks to coastal shipping
With the development of coastal shipping in India, soon a car manufactured at a Sriperumbudur plant near Chennai would be able to reach Mithapur in GujÂarat within five days. While the companies can move 50 truckload of cargo in one ship, the water transportation method would also bring down manufacturing cost of the product, fuel expense and reduce carbon footprint.
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Kerala govt encourages coastal shipping
Kerala Minister for Ports K Babu highlighted the efforts being taken by the state government to promote inland water transport and coastal shipping. In order to ferry cargo from ports to the hinterland through inland waterways, the Kerala State Maritime Development Corporation had signed an agreement to charter a ship. In the first phase, the transport of cargo would be taken up in the Kollam-Kochi section and the state gove
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Govt charters vessel from Waterways Shipyard
The Ports Department of Kerala government chartered a vessel from the Waterways Shipyard, Goa with a capacity of 154 TEU containers and a built-in crane facility. The vessel would be operated by the Kerala State Maritime Development Corporation (KSMDCL) to ferry cargo between Kollam Port and the International Cont
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Ministry to promote shipping sector
Union Ministry of Shipping plans to promote shipping sector as part of its Maritime Agenda 2010-2020, which is a perspective plan of the ministry for the present decade. The ministry plans to promote the shipping sector through increase in the tonnage, declaration of coastal shipping policy, establishment of a ‘Freight Exchange’, creation of ombudsman or tribunals for shipping matters, amo
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CPT plans dedicated terminal for coastal shipping
Paul Antony, Chairman of the Cochin Port Trust (CPT) informed that the port would allot a dedicated terminal for berthing coastal shipping vessels bringing domestic cargo. The terminal is dedicated to bulk and break bulk cargo and it would come up in the Mattancherry Wharf area where the draft is less than six metre. This follows the demand from firms operating coastal ships for a dedicated berthing area for their vessels in all majo
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Kerala govt to give more sops for coastal shipping
Kerala Chief Minister Oommen Chandy informed that the state would be willing to make further changes to make the financial incentive scheme more useful for the players in the coastal shipping sector. It may be noted that the state government is the first to introduce financial incentives for water transport, by giving a subsidy of Rs 1 per tonne for cargo mov
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Industry seeks steps to promote coastal shipping
The participants of a one-day summit on the Coastal Shipping and IWT (inland water transport) in Kerala demanded the government to take steps to promote the sector. Specifically, the participants want the government to grant infrastructure status to coastal shipping on the lines of inland water transport
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Faster implementation is imperative
The logistics sector grows at rates faster than GDP, and investment in logistics infrastructure needs to be made 10 years ahead of requirement,
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India to boost coastal shipping with Bangladesh
The feasibility and potential of Coastal Shipping between India and Bangladesh was discussed In the Shipping Secretary-level talks held on 2nd – 3rd July, 2012 in Dhaka, Bangladesh. Subsequently, it was also discussed in the Directors General (Shipping) level talks held on 26th September, 2012 at Visakhapatnam, India and on 14-15 January, 2013 at Cox’s Bazar, Banglad