Logistics costs plummet at Chittagong port following syndicate crackdown
This crackdown has resulted in a notable decrease in transportation costs, with reports indicating that logistics expenses have dropped by as much as 20% in recent months.
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This crackdown has resulted in a notable decrease in transportation costs, with reports indicating that logistics expenses have dropped by as much as 20% in recent months.
The fair distribution of marine genetic resources, environmental impact assessments, and the creation of marine protected areas are anticipated to be among the main topics of discussion at the Chennai event.
The potential strike threatens to paralyze operations at major ports, including Mumbai, Chennai, and Kolkata, disrupting trade and impacting the economy.
The inaugural dialogue, set to take place later this year, will focus on key themes such as sustainable shipping practices, enhancing port connectivity, and the role of digitalization in maritime operations. It will also address policy reforms and regulatory frameworks necessary to support the sector's expansion and modernization.
DPD services allow importers to receive cargo directly from the port and bring it to their premises without intermediate handling at the container freight stations (CFS).
The flooding, which has been described as some of the worst in recent years, has submerged key highways, railways, and river routes essential to logistics operations.
The Vadhavan Port project, located in Dahanu, is designed to alleviate congestion at Mumbai's Jawaharlal Nehru Port (JNPT) and cater to the growing demand for port infrastructure on the western coast.
Industry experts have welcomed these initiatives, noting that they could significantly enhance the capacity and competitiveness of India’s maritime sector.
The All India Port and Dock Workers Federation, representing a vast majority of port employees, is leading the charge for better wages, improved working conditions, and the safeguarding of jobs amidst ongoing privatization efforts.
The Indira Container Terminal, a key asset in Mumbai’s port infrastructure, has been plagued by operational challenges and financial difficulties, which may have contributed to the lack of interest in the auction.
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