15% rebate for box ships as Suez Canal Authority woos carriers
The Mediterranean container trades could be upended once more after the Suez Canal Authority today ...
CMA CGM Vitoria Photo: VesselFinder
By Alex Lennane
India’s growing coastal freight demand looks like the next target for foreign container lines amid the trade diversification in Asia.
CMA CGM and Maersk are actively considering venturing into coastal shipping operations between Indian ports, according to industry and government sources.
“It’s a trailblazing investment opportunity for foreign lines to ramp up their presence in India,” one industry observer told The Loadstar.
That coastal trade, thanks to cabotage regulation around so-called protectionist policies, remains restricted to India-flagged tonnage, even though New Delhi in ...
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