Latest News
-
Multibagger Energy Stock To Reward Shareholders With 3 Bonus Shares, Hits 52-Week High -
Massive Rs 33/Sh Dividend By Larsen's IT Stock, 1650% Payout Soon; LTTS Earns Profit Of Rs 341 Crore In Q4 -
Rs 7.50/Share Dividend: Adani Group Cement Company Reports Strong Q4 Results; Profit Surges 2x YoY -
Closing Bell: Market Rebounds To End With Gains For 5th Straight Day; Sensex & Nifty Soar Led By Banks -
Gold Prices Ayodhya: In Ram-Janma-Bhumi, 24carat Falls By Rs 380 In 10-Grams, Drops By Rs 3,800 In 100-gram -
Penny Stock Hits 2nd Upper Circuit After Declaring Earnings, Gains 14% In 1-Week -
Rs 8.50/Share Dividend Recommended: Nestle India Reports 27% YoY Jump In Profit -
0.50% Dividend Yield: Midcap Cement Stock Slumps 10% Following Weak Q4 Results; Profit Down 48% YoY -
1:10 Split, Rs 147/Share Dividend: FMCG Major Likely To Report Profit Growth; Buy Or Sell? -
Mark Zuckerberg's Meta Reports Record Q1 Profit Surge, Projects AI Investments This Year; Stock Slumps
Indo-Bangla coastal shipping trade may kick off from Oct
"We have set a target to begin coastal trade with Bangladesh from October," DG Shipping Gautam Chatterjee said here today on the sidelines of a seminar on coastal shipping organised The Bengal Chamber.
Coastal trade with Bangladesh had not been a success in the past but with the recent tweaking of standard for Indian coastal vessels, India had asked Bangladeshi counterparts to meet at least the Indian standard, if not International Association for Classification Societies (IACS).
"In the recent meeting, Bangladeshi officials had asked us to get Indian Register of Shipping (IRS) to inspect the vessels to meet the vessel standard protocal. According to them there are some 20 vessels from Bangladesh that can adhere to the Indian standards," Chatterjee said.
This was done to keep the Bangladeshi unfit vessels out of Indian waters.
Another issue raised by India was Bangladeshi insurance companies providing cover for the ships must also register with the Indian authorities.
However, once IRS approves the vessels then insurance hurdle will get resolved, shipping industry hoped.
Coastal trade with Bangladesh will come huge saving to the industry.
The Chittagong port is 150 km off Agartala, the capital of Tripura state, and more than 350 km away from Kolkata via Bangladesh, while the distance between Tripura and Kolkata is about 1,650 km through the rugged hilly terrain.
PTI
