Ravi Capoor, Jt. Commerce Secretary Meets FFFAI

By Joseph R. Fonseca
Sunday, July 06, 2014
Sailesh Bhatia – Vice Chairman felicitating Ravi Capoor

 

Federation of Freight Forwarders’ Associations in India (FFFAI) convened conference and a meeting at FFFAI – Mumbai office of its members with Mr. Ravi Capoor, Joint Secretary, Ministry of Commerce to brief members on International North South Transport Corridor (INSTC). FFFAI is doing a dry run study of the bottlenecks on the INSTC route.

Mr. Ravi Capoor in his briefing said that there are 4 emerging markets in the world, namely ASEAN, LATIN, AFRICAN and CIS countries. Indian companies are trading with ASEAN, LATIN, AFRICAN, countries but till date their presence in CIS countries is not substantial. He said that after 1991 when integrated USSR collapsed, there was huge economic mayhem and during the same period simultaneously in India there was economic liberalization. The volume of trade with the erstwhile USSR moved towards the west, since many countries of the broken USSR became land locked countries and trading with these countries became difficult. From 1991 to 2001 out of 15 countries 12 countries were formed as CIS countries namely, Russia, Ukraine, Kazakhstan, Belarus, Azerbaijan, Uzbekistan, Turkmenistan, Georgia, Armenia, Tajikistan, Kyrgyzstan, Moldova.

He said that there are a lot of trade opportunities for the Indian exporters and importers. Custom brokers, freight forwarders, shipping lines can gain from development of INSTC route as a lot of bulk cargo can be imported from these CIS countries and finished products can be exported, as these countries do not locally manufacture most of their requirements.

He informed that FFFAI is doing a dry run project on behalf of Ministry of Commerce, GOI, wherein two containers will be moved from Nhava Sheva on following two routes
1. Nhava Sheva - Bandar Abbas by sea, Bandar Abbas – Baku by road.
2. Nhava Sheva – Bandar Abbas by sea , Bandar Abbas – Bandar Anzali or Amirabad by rail and further transhipped to Astrakhan or Olya through Caspian Sea.

He said that custom brokers, freight forwarders should take a lead to popularise this route as the same takes half the travel time taken, as against shipping cargo to St Petersburg or Poti and thereafter moving the same to the CIS landlocked countries.

Mr. Shankar Shinde who shall be leading the Dry Run Study briefed about the study to be undertaken on this INSTC route and further informed Members to provide inputs with regard to the issues faced on this route which can be integrated for the study and implementation purpose, also informed that the suggestion to develop this route will be appreciated.

He thanked Mr. Ravi Capoor for taking time off from his busy schedule to brief FFFAI members about the INSTC project being spear headed by him.

Mr. Sailesh Bhatia – Vice Chairman concluding the press conference and meeting thanked Mr. Ravi Capoor – Joint Secretary – Ministry of Commerce for updating members about the CIS countries and assured him full support from FFFAI for carrying out the Dry Run Project for which a report will be submitted to the Ministry of Commerce. He also thanked the Press and the Members for participating and showing interest in development of INSTC route.

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

MHI: Notice of Absorption-Type Split Agreements

MHI gives Notice Regarding Conclusion of Absorption-type Split Agreements Relating to Transfer of Ship Construction and Hull Block Manufacture Businesses to Two

Ports

Hapag-Lloyd Adds Halmstad to Rotation

As one of the top global carriers Hapag-Lloyd offers a comprehensive service network and will add port of Halmstad, Sweden to the Nordic Short Sea Network. As

BBC Chartering Opens Vietnam Office

BBC Chartering announces the opening of a new representative office in Ho Chi Minh City, Vietnam, starting August 1st breakbulk, and general cargo transportation

Fratelli Neri Orders Damen Tug

One of the largest Italian tug owners, Fratelli Neri S.p.A, ordered its first Damen tug, an ASD 3212, on 21 July 2015.   The vessel will be the first ASD tug

News

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

West Africa's August Crude Exports to Asia to Slip

West African crude oil exports to Asia were expected to fall to 1.84 million barrels per day (bpd) in August, Reuters data and a survey of traders showed.     Slower

DHS, Postal Service to Dedicate USCG Forever Stamp

U.S. Department of Homeland Security (DHS) and Postal Service leaders are scheduled to dedicate the United States Coast Guard Forever stamp during a ceremony Tuesday at Coast Guard Headquarters.

Intermodal

Hapag-Lloyd Adds Halmstad to Rotation

As one of the top global carriers Hapag-Lloyd offers a comprehensive service network and will add port of Halmstad, Sweden to the Nordic Short Sea Network. As

China Shipping Orders Eight 13500 TEU Box Ships

China Shipping Container Lines has placed orders for eight 13,500 twenty-foot-equivalent container ships at Shanghai Jiangnan Changxing Shipbuilding, continuing

Substantial Demand Underscores Need for TIGER Grants

U.S. Transportation Secretary Anthony Foxx has announced that applications to the U.S. Department of Transportation for its seventh round of Transportation Investment

Logistics

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

West Africa's August Crude Exports to Asia to Slip

West African crude oil exports to Asia were expected to fall to 1.84 million barrels per day (bpd) in August, Reuters data and a survey of traders showed.     Slower

South China Sea Hotline in the Works

China and Southeast Asian nations have agreed to set up a foreign ministers' hotline to tackle emergencies in the disputed South China Sea, a senior official of

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pipelines Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2109 sec (5 req/sec)