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            october 18, 2019

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CONCOR cuts freight rates


The Container Corporation of India (CONCOR) has announced reductions in the rail freight rates as well as offered volume discounts to stimulate exports

and address the concerns of the exporters/trade, Exim News Service reported.
The freight rates have been reduced for loaded containers ex-ICD-Sabarmati (SBI) to JNPCT/NSICT/GTIL and Port Pipavav.
In pursuance of this decision, it has been decided to grant benefit to shippers exporting cargo in TEUs in the weight category >20 up to 27 tonnes. Shippers utilising ICD-SBI for exports through the Jawaharlal Nehru Port and Port Pipavav will benefit.
This special benefit applies with immediate effect for a limited period of 3 months—i.e. up to the end of May.
Forty-three per cent of the exports ex-ICD-SBI to JN Port and Port Pipavav fall under the 20-27 tonne (gross) weight category. Hence, this reduction in freight rates will broadly benefit the trade, according to a CONCOR release.
CONCOR has also offered volume discounts for empty ISO movement ex- Mundra Port/Gandhidham to ICD-SBI.
This is for shipping lines repositioning empty ISO containers ex-Mundra Port to ICD-SBI.
This scheme is also valid for three months. It will not be valid in case shipping lines are already enjoying volume discounts under the annual ‘'import volume discount’ issued for shipping lines on a yearly basis.
The third quarter of the fiscal (October-December 2008) showed a decline in the performance of industries like dyes and chemicals, engineering goods, marble and stone, agro and agro equipment, textiles, foodstuff, pharmaceuticals, plastics and laminates. These industries will be benefited by this reduction in freight rates, the release points out.

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