Indian government addresses shipping challenges with new container ship, additional vessels, reduced port charges, faster customs clearance, and free storage for empty containers.

The Indian government has announced measures to address shipping challenges affecting exporters and importers. The Shipping Corporation of India will operate a new 9,000 TEU container ship and acquire five second-hand vessels to enhance logistics amid geopolitical tensions. Additional steps include reducing port charges, expediting customs clearances, and allowing zero-cost storage for empty containers for 90 days, aiming to lower shipping costs and improve container availability.

September 19, 2024
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