INSTC to boost Indian shipping sector in FY16
Sai Nikesh | The Dollar Business India’s shipping sector is expected to maintain negative-to-stable outlook in the current financial year, with favourable situation for tankers segment and challenges in case of offshore, dry bulk and containers segments, said a report on Monday. According to the report by India Ratings & Research, the dry bulk and containers segments are likely to get impacted due to weak global trade growth and offshore segment is expected to get affected due to low crude oil prices globally. However, the tankers segment will likely remain an exceptional case due to its better demand-supply situation, it added. Speaking to The Dollar Business, Shankar Shinde, vice-chairman, Federation of Freight Forwarders’ Associations in India (FFFAI) and Managing Director, Global Express Multilogistics Pvt. Ltd., ...
Prohibitive logistics costs, red tapism hurting Indias export competitiveness: ASSOCHAM
The Dollar Business Bureau | @TheDollarBiz The Associated Chambers of Commerce and Industry of India (ASSOCHAM) says that India need not wait for the trade facilitation agreement to improve its “under-performing” trade logistics and reduce red tapism -- two parameters that hurt the nation’s export competitiveness. A study conducted by ASSOCHAM, “Transports and Logistics in India”, reveals that India is poorly placed among Asian peers when it comes to exports. The shipping cost of export from India (about $1,200 per container) is almost double that from China (about $600 per container) and about three times that from Singapore (about $400 per container), it says. “A high level of logistics costs could affect India’s competitiveness, particularly for the products of ...
