OceanX: India Shining + freight rate horror stories = crumbs of comfort
Optimism or realism?
What was going to be the largest single foreign direct investment into India’s port sector has ended with embarrassment for the world’s second biggest container port operator, as well as a three-year ban on participating in government-controlled port auctions. Jawaharlal Nehru port has terminated its contract with Temasek-owned PSA International to build a container loading facility, after it failed to sign a concession agreement. A good piece on the sector from the reliable reporter, P Manoj.
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