New Delhi - In a significant step toward strengthening India’s maritime logistics ecosystem, state-owned ports such as Chennai Port Authority and Kamarajar Port Ltd are likely to be inducted as minority equity partners in the upcoming Bharat Container Shipping Line, a joint venture being established by Shipping Corporation of India Ltd (SCI) and Container Corporation of India Ltd (CONCOR), according to multiple sources.

SCI and CONCOR — both Navratna public sector enterprises — will hold the majority stake in the new national container line, while the two Chennai-based ports will support the venture with strategic port-side . . .