Kottayam port signs MoU with Kuwait-based Azimar for container movement
The Hindu
The move comes as earlier attempts by the Kottayam port authority to build a new barge fell flat in view of fund crunch
In a major boost to its operations, the Inland Container Depot (ICD) in Kottayam (Kottayam port) has agreed to work together with the Kuwait-based Azimar Shipping & Logistics LLP in container movement and setting up modern consolidated cargo warehouse in Kottayam.
Abraham Varghese, managing director of the Kottayam port, and Anie Peter, managing partner, Azimar, signed a memorandum of understanding (MoU) in this regard at a function held in the presence of Industries Minister P. Rajeeve and Registrations Minister V. N. Vasavan in Thiruvananthapuram on Monday. As per this, Azimar will invest in building a new barge with a capacity to carry 30 TEU (twenty-foot equivalent unit) of cargo.