CONCOR Orders 2,500 Containers from Mazagon Dock

Economic Times reported that Container Corporation of India Ltd has placed an order for 2500 containers with Mazagon Dock Shipbuilders. CONCOR CEO & MD Mr V Kalyana Rama told ET "We have given manufacturing orders to Mazagon Dock for 2,500 containers. The order includes 1,500 containers of 10 feet high and 1,000 containers of 12 feet high. CONCOR is bringing the 12 feet containers, considered to be more useful than dwarf containers, for the first time in India.” As each of these containers is expected to cost around INR 3.5-4 lakhs, deal is worth close to INR 100 crore. Mazagon Dock is now the third state-owned firm to enter container manufacturing after Braithwaite Co & Ltd and Bharat Heavy Electricals Ltd. India will need close to 60,000 new containers between now and 2026. CONCOR has already sanctioned orders for 6,000 containers that it will buy from Indian firms. The manufacturing orders included 1,000 containers each to BHEL and Braithwaite & Co. The Union Railways Ministry has permitted the introduction of 12 feet high container of 20 feet length for cargo transportation on its network in November 2021. Their haulage charges have been made at par with the prevalent cost for different weight slabs on a TEU basis. China makes about 90% of global shipping containers. CIMC is the world’s largest container manufacturer with a market share of 40%. Other players include Singamas, COSCO and CXIC. Currently, India sources its entire container needs from China.

CONCOR Orders 2,500 Containers from Mazagon Dock

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