Forays into coastal shipping will boost logistics
Satyapal Menon | The Dollar Business Government of India’s propensity for tapping the potential of inland waterways is bound to open a sea of opportunities for both the shipping and logistics industry. Inexplicably, despite the country’s extensive coastline of over 7000Km, coastal shipping had remained dormant all these years. According to definition, Coastal vessel means a vessel of Indian registry with exclusive Indian crew, engaged in carriage by sea of cargo or passengers, from one Indian port to another port or place in India, and/or any other vessel having specified period of license for engagement in coastal trade issued by the Director General of Shipping. India continues to cling on to archaic Cabotage law which mandated that only Indian vessels had ...
