[vc_row]Kolkata port will face stiff competition from Vizag deep-sea port on handling Nepal’s $2-3 million third country import cargo.
Container shipping liner Maersk is expected to deliver the first batch of containers at Vizag port in the first week of March, Deputy Chairman PL Haranadh revealed.
Maersk is the first liner to offer the aggregation services as part of market making for Vizag. Haranad is hopeful that commercial success of the initiative will bring in other liners.
Container Corporation of India (Concor) has already offered lucrative terms for transferring the cargo by rail from Vizag to Nepal. Concor runs a joint venture handling facility inside Nepalese territory at Raxaul (Bihar)-Birgunj (Nepal) border.
To attract Nepalese traders to try the new option, Concor has decided to run rakes with a minimum 60 per cent capacity, thereby agreeing to underwrite the losses, if any.
Ganesh Lath, a Nepalese importer and former president of the chamber of commerce at Birgunj, the commercial capital of Nepal, felt that Concor services would encourage Nepalese traders to shift cargo from Kolkata to Vizag.[/vc_column_text][/vc_row]
