In a bid to become an integrated transport service provider, India’s state-owned inter-modal operator, Container Corporation of India (Concor), is proposing to enter the container shipping business, according to IHS Fairplay.
V Kalyana Rama, Managing Director of Concor, said: “We are keen on getting into shipping as a non-vessel owning common carrier (NVOCC) to start with. That is one of our strategic plans.
“We will have slots on ships. Shipping now is not in good shape. We are in the business of transporting containers, so it is either forward or backward integration.
“Concor has plans to forge strategic partnerships with many of the newly emerging ports as the existing joint ventures with APM Terminals for the third container terminal at J N Port and with DP World for ICTT Vallarpadam have already placed the company in the category of highly successful port terminals operators.
“This has opened new possibilities for further expansion in this field.”