Concor discontinues coastal shipping operations
State-run Container Corporation of India Ltd (Concor) has discontinued its coastal shipping operations — started with much fanfare — in a blow to the government’s plan to promote an alternate and environment-friendly mode to transport goods.
The rail hauler is working on a new model — possibly a slot arrangement with container carriers — to service customers, sources said.
The development comes at a time when the Sagarmala Development Company Ltd (SDCL) has invited expression of interest to operationalise specialised vessels on select origin-destination routes in coastal areas and inland waterways from Indian companies engaged in inland barge and river sea vessel operations.