Six Indian companies have signed a Memorandum of Understanding (MoU) to establish the Bharat Container Shipping Line (BCSL) on 3 February 2026. The shareholders comprise of Container Corporation of India (CONCOR, 30%), Shipping Corporation of India (SCI, 30%), Sagarmala Finance Corporation Ltd. (SMFCL, 20%), Jawaharlal Nehru Port Authority (10%), V.O. Chidambaranar Port Authority (5%) and Chennai Port Authority (5%).
The agreement provides for joint funding of up to INR15,000 crore ($1.65 Bn) t