New plan to link port rates to market forces

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It appeared that India’s Ministry of Shipping had finally relented and was on the cusp of offering terminal operators – both public and private – in the country’s 13 major ports the freedom to set their own handling charges. But, and there is always a but: it now appears as if new legislation liberalising the port system will only apply to facilities that have yet to be built, and this article reveals that it would actually take an act of Parliament to free the existing operators from their predicament.