“There is a strong economic case for developing a new container (transhipment) port in India that can attract Indian and regional trans-shipment traffic back from the current hubs,” says consultants Typsa Group and and Boston Consulting Group, which wrote the techno economic feasibility report for a new container transhipment port at Enayam in Tamil Nadu. “The purpose behind the government’s objective of cabotage relaxation is to attract Indian containers transshipped through foreign hub ports to Indian ports. Bangalore: India is spending a few billion dollars to build so-called container transhipment ports to cut its dependence on facilities located in Colombo and Singapore to send and receive about a fourth of its annual container cargo. A TEU is the standard size of a cargo container and a common measure of capacity in the container business.Viewed from another angle, around 78% of container traffic from India’s east coast ports is trans-shipped. “Vallarpadam has not even caused a scratch on the back of Colombo through which most of India’s transhipment cargo containers are routed to final destinations,” says J.S.

Source: Mint July 21, 2016 12:56 UTC