Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
Sarbananda Sonowal, the Union Minister of Ports,
Shipping and Waterways, recently said: “Talks are progressing well. We
hope to get the route operationalised as quickly as possible. Feasibility discussions are on.”
In fact, one of the
largest steel-makers of the country is exploring the possibility of using the
corridor for bringing in its coking coal supplies.
“Coking coal import along the route is happening. And,
if the steel-maker’s plans fructify you will see a substantial increase in
numbers,” the official said.
The proposed
Vladivostok – Chennai route reduces the travel distance between the two
countries to 5,600 nautical miles, from the current shipping route of 8,675
nautical miles from St Petersburg to Mumbai.
The Eastern Maritime Corridor is estimated to bring
down transportation time between Indian and Russian ports of the Far-East
Region by nearly 50 per cent (20 – 24 days, or even lower, from the
current 40 days) as compared to the currently used Suez and Panama Canal
routes.
The last numbers of the Indian Ports Association show
that there was a 5 per cent Y-o-Y growth in traffic at the Chennai port (one of
the major ports in the country) to 43.06 million tonnes (mt) for the April
– Jan period. Traffic in the year-ago period was 41.06 mt. The increase came on
the back of a 4 per cent Y-o-Y rise in POL (petroleum, oil and lubricants)
shipments to 12.13 mt (vs 11.7 mt); and a near 8 per cent rise in container
cargo to 26 mt.
