Energy security issues and high spend in exploration and production by private and government-owned companies have made India an attractive market for offshore shipping service providers. If the government is able to support this surge in demand with policy guidelines, the segment will grow further.
With the changing dynamics of global trade and the development of P3 as well as the G6 and now the CKYHE alliances, new maritime hubs are likely to emerge in Asian region. Apart from the size of trade, superior infrastructure, ability to handle large ships and competitive tariffs will be the key success factors of any hub.
As the year 2013 draws to an end and the year 2014 begins, maritime industry is looking forward to a New Year that can bring in some positive changes. The mood is optimistic as the industry feels the greenshoots of developments in the previous year may lead to ?fruitful? days ahead.
With competition hotting up, hinterland connectivity is becoming ever more important for ports in India. While ports need to ensure that their hinterland connections are fluid, other stakeholders will have to build new strategies to explore the potential of a changing environment, where cargo traffic is now getting diverted from ports to hinterlands.
DESTINATION: EAST COAST India’s east coast is emerging as a main cargo hub for the country’s trade. Rich in mineral resources and moving at a
Half full or half empty? With the new tariff guidelines, the Shipping Ministry has taken a step in the right direction to offer a level
EFFICIENCY OUTSOURCED Ship management companies are finding new business opportunities in times of recession. These third party service providers help vessel owners cut cost and
CAN OUR CUSTOMS CHANGE? The globalization of trade is a reality, and inefficient customs practices impede trade. The customs organization needs to adjust its work
Moving Up Despite infrastructural challenges, the rapidly growing logistics sector in India is set to make new highs. Though fragmented, the Indian market is an
Energy security issues and high spend in exploration and production by private and government-owned companies have made India an attractive market for offshore shipping service providers. If the government is able to support this surge in demand with policy guidelines, the segment will grow further.
With the changing dynamics of global trade and the development of P3 as well as the G6 and now the CKYHE alliances, new maritime hubs are likely to emerge in Asian region. Apart from the size of trade, superior infrastructure, ability to handle large ships and competitive tariffs will be the key success factors of any hub.
As the year 2013 draws to an end and the year 2014 begins, maritime industry is looking forward to a New Year that can bring in some positive changes. The mood is optimistic as the industry feels the greenshoots of developments in the previous year may lead to ?fruitful? days ahead.
With competition hotting up, hinterland connectivity is becoming ever more important for ports in India. While ports need to ensure that their hinterland connections are fluid, other stakeholders will have to build new strategies to explore the potential of a changing environment, where cargo traffic is now getting diverted from ports to hinterlands.
EFFICIENCY OUTSOURCED Ship management companies are finding new business opportunities
Moving Up Despite infrastructural challenges, the rapidly growing logistics sector
