Allcargo Boosts Coastal Shipping Fleet

first_imgzoom India-based Allcargo Logistics Ltd., an international freight forwarder and logistics provider, has acquired two additional general cargo vessels aggregating 24,000 dwt for its coastal shipping business, without disclosing the price tag attached to them.Post this acquisition, Allcargo now owns a total of five cargo vessels. The main criterion for this acquisition was to cater to the growing requirements not only of coastal shipping but regional trade and commerce as well.India has over 7,000 km of coastline. Considering India’s demography and strategic location as a global trade hub, the coastline will play a major role in coastal shipping services, says Allcargo. With the government increasing its focus on decongesting the exiting road and rail network, coastal shipping will play a pivotal role in India’s growing economy.Allcargo specializes in moving bulk, break bulk, containerized and project cargo under its coastal shipping business.Founder and Chairman of Allcargo, Shashi Kiran Shetty, said: ”As an organisation, we believe that India’s economy will need a more efficient and time saving mode of transportation, to keep pace with its growth. Coastal Shipping is the solution for this opportunity. We are helping our customers to create logistics solutions through coastal shipping, making their cargo movement more seamless and cost effective.”last_img read more

UN political official meets with Chinese authorities on Myanmar

9 July 2007Ban Ki-moon’s Special Adviser on Myanmar, Ibrahim Gambari, is meeting today with senior Government officials in Beijing as part of wider consultations in the region on the situation in the South-East Asian nation, a spokesperson for the world body announced. “This is a trip to discuss Myanmar with some of the key countries in the region,” UN Spokesperson Marie Okabe told reporters in New York. “Any effort to promote positive changes in Myanmar is going to require not only direct dialogue with the Government and people of the country, but also dialogue with all interested countries and all who can potentially help support our efforts,” she stated. Mr. Gambari met in Beijing with Vice-Foreign Minister Dai Binguo, Assistant Foreign Minister Cui Tiankai, and Director-General Wu Hailong. Since being appointed Special Adviser in May, Mr. Gambari has consulted broadly on the situation in Myanmar, having visited Washington D.C two weeks ago and having travelled this week to the region. Following talks in Beijing, he will travel to New Delhi and then to Tokyo for further meetings with Government counterparts before returning to New York over the weekend, Ms. Okabe added. read more