- About Us
- Advertise with Us
- Special Publication
MUMBAI, MAY 31: Container Corporation of India Ltd (Concor) will venture into the coastal shipping business by hiring two ships for 10 years each.
The state-run rail hauler of containers has sought bids from fleet owners to hire two Indian flag vessels of 22,000 dead weight tonnes (DWT) with a capacity to carry at least 700 twenty-foot equivalent units (TEUs) each, according to a tender issued by the Navratna PSU on May 12. The ships should not be more than 12 years old, it added.
The ships will be hired for an initial period of five years which can be extended by another five years at stretches of three and two years.
Concor’s move is aimed to strengthen infrastructure along the East-Coast and West-Coast Corridors, and to diversify its services.