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AMTOI Eastern Regional Conference held in Kolkata stresses on Ports and Infra development in Eastern Region

Kolkata (West Bengal) [India], September 12 (ANI/Nova Realtime Solutions LLP): AMTOI (Association of Multimodal Transport Operators of India), the only Pan India trade body in shipping and logistics industry for MTOs registered with Director General Shipping organized its Eastern Region conference in Kolkata at The Saturday Club Premises on 07-09-2022 evening, where the discussion focused on Ports and Infra development in Eastern Region, along with the opportunities and challenges. Vineet Kumar, IRSEE, Chairman of Shyama Prasad Mookherjee Port who was present at the occasion as the Chief Guest and the key note speaker spoke at length about how the improved infrastructure facilities of the port, transshipment at anchorage, improved productivity is benefiting the trade and towards growth of the economy, and that they are constantly working towards addressing the challenges that remain as hindrances to ease of working in the ports.The inland waterways are going to be a game changer in bri ....

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Scarcity on high seas hurting India's exports


Scarcity on high seas hurting India’s exports
The freight rates on several trade routes have gone up beyond 150-200% since March. In some segments such as India-US East Coast, rates have gone up much more than three times.
9 min read
Anto T. Joseph
A shortage of shipping containers thanks to China’s quick recovery and Atmanirbharta is pushing up trade costs.
Shipping ministry officials say the government is keen to set up a container manufacturing facility in the country. A high-level meeting was held recently to review its feasibility.
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Abraham Tharakan, the chairman of Kochi-based Amalgam Group, is an unhappy man. The promoter of one of India’s largest seafood exporters has seen firsthand how the business to pack shrimp and squid to the US and Chinese markets has been throttled by an unprecedented shortage of shipping containers. ....

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