New Delhi, March 18 (IANS) The government has rolled out a set of customs and logistics facilitation measures to help exporters handle cargo that has been stranded or returned due to the closure of the Strait of Hormuz amid the ongoing Middle East conflict.The measures allow exporters to bring back cargo into the domestic system while easing storage and handling costs, as shipping lines suspend bookings and Gulf ports operate under restrictions due to the Iran war. The steps are aimed at prevent…
Latest Container Corporation of India News & Updates
New Delhi, March 12 (IANS) Railways Minister Ashwini Vaishnaw on Thursday said the government has allocated Rs 14,500 crore over three financial years to improve customer amenities and infrastructure at goods and parcel terminals across the country.In a written reply to a question in the Lok Sabha, Vaishnaw said the allocation covers FY2024, FY2025 and FY2026 and is aimed at strengthening freight logistics, improving rail freight efficiency and enhancing first- and last-mile connectivity.As part…
Thiruvananthapuram, Feb 23 (IANS) In a decisive move to consolidate public sector presence in strategic maritime infrastructure, the Kerala government on Monday signed Memoranda of Understanding (MoUs) worth Rs 2,000 crore with three Central Public Sector Undertakings (PSUs) to develop an integrated logistics ecosystem at the Adani Vizhinjam International Seaport.The agreements were formalised in the presence of Chief Minister Pinarayi Vijayan at the Legislative Assembly complex, signalling a ca…
Mumbai, Feb 6 (IANS) The government’s efforts for a new domestic container shipping line, namely Bharat Container Shipping Line (BCSL), aims to reduce India’s dependence on foreign carriers and drive job growth and the economy, a new report has said.The government oversaw the formal signing of agreements earlier this week, setting out the plans for Bharat Container Shipping Line (BCSL). A report in The Maritime Executive said the government plans to order 15 domestically-built containerships i…