India and Egypt have signed an agreement on maritime transport following delegation-level talks between PM Modi and visiting Egyptian President Abdel Fattah El Sisi.
Tag: maritime transport
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Agreement between India and Egypt on Maritime Transport
The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for signing of an agreement between India and Egypt on maritime transport.
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Larger ships dominating busy routes: Unctad
Unctad report on maritime transport says that ships have become bigger, and the number of companies in most markets has diminished over the last 10 years. The report stated that on an average, the number of companies whose ships sail into each country has decreased by 27 per cent during the last 10 years from 22 in 2004 to just 16 in 2013.
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Not yet out
Despite the current slowdown, the long-term outlook for the port sector continues to be strong, especially because of increasing demand for coal, containers, crude oil and POL, fertilisers, and steel. The government also has taken into cognizance the issues impacting the sector