Concor to reintroduce coastal shipping in India

03 Sep 2024 CW Team

In June 2024, Concor and Shipping Corporation of India (SCI) signed a Memorandum of Understanding (MoU) to explore collaborative business opportunities. This partnership leverages both companies' infrastructure and expertise to offer seamless, cost-effective logistics services to customers through a single window.

Sanjay Swarup, CMD, Concor, emphasized the eco-friendly benefits of coastal shipping. Concor initially launched coastal shipping services in January 2019, establishing routes from Gujarat to the South. However, the service was suspended in 2020 due to the COVID-19 pandemic. Swarup announced that Concor, in collaboration with SCI, will soon restart coastal shipping operations from Gujarat to South India and further extend them to the eastern regions of the country.

The MoU will allow SCI's shipping services to expand Concor's reach into international markets and venture into coastal and inland waterways trade, providing a diverse range of customizable logistics solutions for the broader trade community.

Commodities identified for the coastal routes include waste paper, ceramic tiles, sanitary ware, soda, cotton bales, and consumer durables. Coastal shipping will also enhance Concor's focus on first- and last-mile connectivity, a key element of their logistics strategy.

Concor has also launched a logistics app to support these services. ?First mile, last mile (FMLM) has been a significant success. In the first quarter of FY25, we generated Rs 82 crore in revenue from FMLM services, reflecting a 35% year-on-year growth,? Swarup noted.

The company has set an ambitious growth target of 50% for FY25, driven by the nationwide launch of the app and ongoing customer education efforts. Swarup expressed confidence in achieving this target, further solidifying Concor's role in India's logistics sector.

(Businesstoday)

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

State-owned Container Corporation of India Ltd (Concor) is set to resume coastal shipping as part of its multi-modal logistics strategy, aiming to provide a cost-effective, faster, and environmentally friendly mode of transportation. In June 2024, Concor and Shipping Corporation of India (SCI) signed a Memorandum of Understanding (MoU) to explore collaborative business opportunities. This partnership leverages both companies' infrastructure and expertise to offer seamless, cost-effective logistics services to customers through a single window. Sanjay Swarup, CMD, Concor, emphasized the eco-friendly benefits of coastal shipping. Concor initially launched coastal shipping services in January 2019, establishing routes from Gujarat to the South. However, the service was suspended in 2020 due to the COVID-19 pandemic. Swarup announced that Concor, in collaboration with SCI, will soon restart coastal shipping operations from Gujarat to South India and further extend them to the eastern regions of the country. The MoU will allow SCI's shipping services to expand Concor's reach into international markets and venture into coastal and inland waterways trade, providing a diverse range of customizable logistics solutions for the broader trade community. Commodities identified for the coastal routes include waste paper, ceramic tiles, sanitary ware, soda, cotton bales, and consumer durables. Coastal shipping will also enhance Concor's focus on first- and last-mile connectivity, a key element of their logistics strategy. Concor has also launched a logistics app to support these services. ?First mile, last mile (FMLM) has been a significant success. In the first quarter of FY25, we generated Rs 82 crore in revenue from FMLM services, reflecting a 35% year-on-year growth,? Swarup noted. The company has set an ambitious growth target of 50% for FY25, driven by the nationwide launch of the app and ongoing customer education efforts. Swarup expressed confidence in achieving this target, further solidifying Concor's role in India's logistics sector. (Businesstoday)

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..