India measures around 2,933 Kms from West to East and around 3,214 km from South to North and boasts a coastline of around 7,516..
Given such distances and the volume of goods handled, rail transport was found to be one of the cheaper options for all cargoes over medium to long distances..
Indian Railways entered the cargo market for moving door-to-door domestic cargo in special DSO containers starting in 1966..
Container Corporation of India Ltd. (CONCOR), was incorporated in March 1988 under the Companies Act, and commenced operation from November 1989 taking over the existing network of 7 ICDs from the Indian Railways..
Amid increasing competition, inadequate rail and road infrastructure, a rapidly changing market driven by weak demand and digitization, Concor has decided to enter the coastal shipping market in India..
A Currency Swap is a pact between two countries that allows trading in their own currency and payments to import and export trade at pre-determined exchange rates without bringing in a third currency..
In this article we discuss with a latest example how the currency swap works and how it helps trade between the countries in the currency swap agreement..
In what is seen as a landmark moment in the history of shipping in India in recent times, PepsiCo will move 16 containers filled with food and snacks on a vessel, the MV RN Tagore (for Rabindranath Tagore) from Kolkata to Varanasi on river Ganga using the National Waterway-1..
This will mark India’s first container cargo movement through inland waterways..
This post goes out to all fellow Indians around the world with whom I wish to share a proudly INDIAN moment.. This is on the occasion of the commissioning of India’s first home-built aircraft carrier IAC VIKRANT which was launched on the 12th of August 2013 – around the eve of 67th year of Indian Independence.. Below is a press release from … Read more here..
Here is an interesting topic from Asha’s Maritime News.. High Sea sales (HSS) is a sale carried out by the actual consignee (ie, the consignee shown in the Bill of Lading) to another buyer while the goods are yet on high seas or after their dispatch from the port of loading (POL) and before their arrival at the port of … Read more here..