Spearheading its multimodal operations CONCOR will soon start coastal shipping of cargo, for which the rail freight major has inked a MoU with Shipping Corporation of India in June this year. The deal was signed in June this year, to explore business opportunities for leveraging the advantage of each other’s infrastructure and experience in synergy to offer seamless and cost-effective end-to-end logistics services to customers under a single window.
CONCOR has earlier started the coastal shipping service in January 2019 and was moving cargo from Gujarat to South India, but during COVID the service was stopped in 2020.
“We have collaborated with the Shipping Corporation and very soon, we will be starting coastal movement from Gujarat to South India and even from South to the eastern side of the country. So you will hear very soon that we are going to start the coastal movement,” Sanjay Swarup, CMD, CONCOR recently told investors.
The MoU will enable SCI’s shipping services to develop Concor’s footprint in overseas locations and also to foray into the field of coastal and inland waterways trade to offer a wide range of customisable logistics solutions for the benefit of trade at large.
The commodities identified for the coastal route include waste paper, ceramic tiles, sanitary ware, soda, cotton bale and consumer durables. Concor has been focusing on providing first- and last-mile connectivity to its customers and coastal shipping can be a key link to this. It has also started a logistics app for providing first-mile and last-mile services. First and last mile connectivity has gained a lot of traction, in the first quarter (Q1FY25), in the first mile, last mile, CONCOR had an income of Rs 82 crores, which is a growth of 35% year-on-year,” said Swarup.
