(From Business Line)
International logistic revolution, technological advancement in shipping industry, mainly in containerisation, business consolidation, proven financial benefits of private participation in infrastructure development, and environmental regulations are major impetus for fast-track port reforms.
THE expanding containerisation of world trade and its steadily growing offshoot, intermodalism, have radically changed today's business environment and become indispensable to the commercial world.
Container port traffic reached 192.3 million TEUs in 2000 and the most striking aspect is about two-thirds of general cargo is moving in boxes. …