'Tariff madness' will prompt renegotiation of ocean shipping contracts
Today’s “absolutely nuts” container shipping market will spur contract renegotiations, as rates and minimum quantity ...
Indian Private Ports & Terminals Association (IPPTA)
A €5.7bn ($6.2bn) deal inked last month by MSC to acquire Bolloré Africa Logistics has helped the Geneva-based behemoth secure a “growth-oriented” container-handling foothold on India’s east coast.
Bolloré holds a 49% stake in the Dakshin Bharat Gateway Terminal (DBGT) in VO Chidambaranar Port (VOC), better known as Tuticorin, near Chennai.
Opened in 2014, with capacity of 600,000 teu a year, DBGT now commands roughly 75% of container volumes moving via VOC.
MSC is already a joint-venture partner in the Adani International ...
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