India's Port of Mumbai announced plans to extend the facility of additional free storage time for containers, granted earlier in 2007, for a further period of one year ending November, 2009.
The concessions include three days for import laden boxes, and 15 days for loaded export, inland and all transshipment boxes handled at the west coast hub.
The move comes after the port authority offered concessions on stuffing and de-stuffing as well as empty container storage charges, as part of measures to boost its box volumes.
The authority recently transferred container-handling operations to its new private operator, Indira Container Terminal Pvt. Ltd., under a license agreement signed earlier.
Indira, a joint venture between Gammon India and Dragados SPL of Spain, is currently developing a $300-million offshore container terminal at the port on a build-operate-transfer basis.
Mumbai handled 117,596 TEUS in fiscal 2007-08, off 17.5 percent from 138,201 TEUs in 2006-07. Volume in the April-October period totaled 62,493 TEUs, up from 59,057 TEUs.
The Journal of Commerce Online
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