Container Corporation of India finds a partner for new coastal shipping venture

Container Corporation of India finds a partner for new coastal shipping venture

After much haggling state-run rail operator Container Corporation of India (CONCOR) has picked Vishwa Samudra Coastal Lines to launch new coastal shipping services from January, in a bid to help New Delhi’s drive to decongest the country’s overburdened road and rail network.

Vishwa Samudra is 60% held by Seaport Cargo Logistics, a unit of the CVR Group that runs Krishnapatnam Port, with Hyderabad-based VM Logistics Consulting holding the balance.

The contract is for 10 years and will see two 700 teu ships move boxes around India.

Earlier tenders put out by CONCOR for this deal had failed to garner much interest.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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