Any relaxation in the existing cabotage law means permitting foreign vessels into India’s cabotage trade which will prove a veritable competition to the national coastal carriers. On such a relaxation does depend the Vallarpadam International Container Transshipment Terminal at Cochin for its growth. And the speculation was rife that there would be waiver in the cabotage law for a period of three years permitting the foreign vessels to move container cargo from one Indian port to another Indian port. The Shipping Minister Mr.G.K.Vasan categorically announced in New Delhi that no decision had been taken on the cabotage law. He said: “The Ministry has received representations from various groups in favour of and against change in the cabotage policy, which are under review”. To compete with Colombo as a transshipment port, the DP World Cochin Transshipment Terminal needs the restraint in the cabotage law to be removed; many shippers support the relaxation but the coastal carriers strongly oppose it; the Shipping Corporation of India also does not welcome the relaxation. They point out that the cabotage trade in other countries remains reserved to domestic companies.
Thursday, 6 September 2012
Ministry not decided on cabotage relaxation, Shipping Minister
Any relaxation in the existing cabotage law means permitting foreign vessels into India’s cabotage trade which will prove a veritable competition to the national coastal carriers. On such a relaxation does depend the Vallarpadam International Container Transshipment Terminal at Cochin for its growth. And the speculation was rife that there would be waiver in the cabotage law for a period of three years permitting the foreign vessels to move container cargo from one Indian port to another Indian port. The Shipping Minister Mr.G.K.Vasan categorically announced in New Delhi that no decision had been taken on the cabotage law. He said: “The Ministry has received representations from various groups in favour of and against change in the cabotage policy, which are under review”. To compete with Colombo as a transshipment port, the DP World Cochin Transshipment Terminal needs the restraint in the cabotage law to be removed; many shippers support the relaxation but the coastal carriers strongly oppose it; the Shipping Corporation of India also does not welcome the relaxation. They point out that the cabotage trade in other countries remains reserved to domestic companies.
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