Vol. XXVI No. 67 FRIDAY 3rd JULY 2020
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Coastal Shipping incentive scheme Orient Express Lines rebrands initiated by Kerala Maritime Board as Strait Orient Lines
Mr. Rahul Modi, President - Coastal Container Transporters Association hails the move
THIRUVANANTHAPURAM: Kerala Maritime Board, the agency tasked with developing the state’s maritime sector, has finalised the rates for Coastal Shipping incentives to support the industry. The President of Coastal C o n t a i n e r Tr a n s p o r t e r s Association (CCTA), Mr. Rahul Modi, has hailed the Mr. Rahul Modi move by the Maritime Board to set the rates saying it would give a fillip to the development of Coastal Shipping in the State. Cont’d. Pg. 3
S I N G A P O R E : Singapore’s intra-Asia boxship operator Orient Express Lines has rebranded as Straits Orient Lines Singapore (SOL). The company said the new name affirms the company’s regional focus as SOL honours the Straits of Singapore and Malacca as their principal channel of trade and defines their focus Mr. Mahesh Sivaswamy in their core competency regions of the Bay of Bengal, Southeast Asia and Cont’d. Pg. 3 South Asia corridors.
Export Trade between India & Bangladesh at Petrapole halted since July 1 MUMBAI: The export activity at Petrapole has been stopped from morning of 1st July 2020 as Benapole CHA Association has denied to accept any export cargo from India. This move from the Bangladesh side is likely to continue unless India too begins accepting cargo from their side. In fact, the exports from India commenced from 7th June but the imports from Bangladesh were obstructed citing health protocols despite an assurance from involved stakeholders.
In fact, more than 1500 export bound Trucks for Bangladesh are waiting on the Indian side due to this move. Now the hope of resumption of trade between the two countries lies solely with India when the Ministry of Home Affairs directs the concerned authority for appropriate action.
NEW CUSTOM EXCHANGE RATES ..See Pg. 13 W.E.F. 03-07-2020