India’s government is considering setting up a dedicated container shipping line to ease local shippers from an over-dependence on foreign-flagged carriers.
The new entity is expected to be named Bharat Container Line, and feature equity participation from public and private organisations.
According to reports, some 100 containerships will be procured or chartered for the new venture.
The move ties in with an ambitious $3bn “maritime development fund” New Delhi has announced as part …
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