India has removed the requirement for vessels chartered by domestic citizens and companies to hold transshipment permits. The move comes after a series of incidents in which Indian ships have been attacked or sunk off Sri Lanka over the past few years. At present transhipment hubs at Singapore, Malaysia, Colombo and Jabelali near Indian coastline gets about 33 per cent of the Indian container cargo which is aggregated there before shipped to final destinations. Currently, some 33% of Indian container cargo is aggregated at nearby ports such as those in Singapore, Malaysia, Jabel Ali and Colombo.
India has removed the requirement for vessels chartered by domestic citizens and companies to hold transshipment permits. The move comes after a series of incidents in which Indian ships have been attacked or sunk off Sri Lanka over the past few years. Currently, some 33% of Indian container cargo is aggregated at nearby ports such as those in Singapore, Malaysia, Jabel Ali and Colombo.