Cabinet Approves New Bill to Regulate Container Depot & Logistics Operations ⚖️

• Cabinet has approved the publishing of a new Bill in the Government Gazette and its subsequent submission to Parliament for approval. • The core aim is to issue fresh licences for container depot operators and amend existing licensing laws governing the shipping and logistics sector. • The Bill amends the Licensing of Shipping Agents, Freight Forwarders, Non-Vessel Operating Common Carriers and Container Operators Act, No. 10 of 1972. • Key objectives include: • Strengthening regulatory oversight of shipping and logistics sectors. • Improving licencing procedures for operators. • Ensuring compliance with international operational standards for container depot and freight handling operations. • The draft legislation has been completed by the Legal Draftsman and cleared by the Attorney General.