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Tue, 31 Aug 2010
Letters to the Editor
Re: Indian Cabotage
Dear Kizzi,
Maritime and shipping occupy an important position in India’s trade and commerce. However, India’s cabotage rules stifle container port growth and shipping lines are right to claim that India’s restrictions on coastal shipping are preventing the development of container hub ports.
The following objectives of India’s shipping policy since independence hinders the development:
i. To reduce the dependence of external sea borne trade on foreign shipping services;
ii. To safeguard the imports of essential supplies especially POL, for the national economy;
iii. To reserve 100% coastal trade for national flag vessels;
iv. To ensure adequate provision of shipping services to meet the requirements of the national trade;
v. To improve the balance of payments position through import substitution and export of shipping services; and
vi. To develop merchant fleet, to act as a second line of defence to protect India’s maritime interest and preserve its channels of communication.
Yours,
Forwarder, Emin Aka
Merkont Container Storage Services Shipping Transport and Trading co ltd
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Re: Overcapacity
Dear Kizzi,
The headline on Thursday (26 August) about overcapacity may force prices down.
Should we all be seriously concerned that this is indicative of a rather worrying double-dip recession, and that, in truth, the actual bite and worst is yet to come?
George Gibbons
Dear Kizzi,
Maritime and shipping occupy an important position in India’s trade and commerce. However, India’s cabotage rules stifle container port growth and shipping lines are right to claim that India’s restrictions on coastal shipping are preventing the development of container hub ports.
The following objectives of India’s shipping policy since independence hinders the development:
i. To reduce the dependence of external sea borne trade on foreign shipping services;
ii. To safeguard the imports of essential supplies especially POL, for the national economy;
iii. To reserve 100% coastal trade for national flag vessels;
iv. To ensure adequate provision of shipping services to meet the requirements of the national trade;
v. To improve the balance of payments position through import substitution and export of shipping services; and
vi. To develop merchant fleet, to act as a second line of defence to protect India’s maritime interest and preserve its channels of communication.
Yours,
Forwarder, Emin Aka
Merkont Container Storage Services Shipping Transport and Trading co ltd
-----------------------------------------------------------------------------
Re: Overcapacity
Dear Kizzi,
The headline on Thursday (26 August) about overcapacity may force prices down.
Should we all be seriously concerned that this is indicative of a rather worrying double-dip recession, and that, in truth, the actual bite and worst is yet to come?
George Gibbons
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