India prepares to launch its own homegrown container shipping giant
1 week ago
India prepares to launch its own homegrown container shipping giant
The Indian government has unveiled plans to launch a new container shipping line, set to be called Bharat Container Line. The new entity will feature a fleet of around 100 vessels, including both owned ships and those on charter. While the exact launch date has not been disclosed, officials have confirmed that the venture will be a public-private partnership.
India has long lacked a significant presence in the global container shipping market. Currently, the country's largest international operator, the Shipping Corporation of India (SCI), has just four containerships.
Under Prime Minister Narendra Modi's leadership, the government is making a strong push to boost the nation's maritime capabilities, investing heavily in the development of ports and shipyards. As part of this effort, the Prime Minister recently visited the headquarters of CMA CGM in Marseille, further underscoring India's growing maritime ambitions.
Source: Splash 247