VP Vasco Maritime Pte Ltd gives insights on NVOCC at CIMC

COLOMBO : Mr Rajamani Ramakrishnan Vice President (ISC-ME) at Vasco Maritime Pte Ltd. gave his insights on how Non-Vessel Operating Common Carriers (NVOCCs) play a critical role in global and regional shipping logistics at the Colombo International Maritime Conference (CIMC) in Colombo, Srilanka.

As intermediaries between shippers and ocean carriers, NVOCCs have become indispensable in facilitating trade, optimizing logistics, and ensuring the seamless movement of goods. Their relevance and importance in the regional context are underscored by several key factors.

NVOCCs contribute to regional economic growth by fostering trade connectivity. By linking regional ports to global shipping networks, they stimulate commerce, create job opportunities, and enhance the competitiveness of local economies. This is especially significant in regions where economic development depends on efficient integration into global supply chains.

In the regional context, NVOCCs are more than intermediaries; they are enablers of trade, growth, and connectivity. Their ability to provide cost-effective, flexible, and reliable shipping solutions is crucial for overcoming logistical challenges and enhancing regional economic integration. As trade dynamics evolve, the role of NVOCCs will continue to be pivotal in ensuring the efficiency and resilience of regional supply chains.