It is anticipated that financial institutions (FIs) including Citibank, Barclays, Bank of America, Bank of Tokyo-Mitsubishi UFJ, Mizuho, Standard Chartered, Indian Bank, and JPMorgan may launch private maritime freight companies. As a result, the maritime industry should encounter more difficulties.However, picking financial services firms necessitates picking players from the private sector without a widespread network of ports or distribution centres for marine freight. It means taking on the risk of running multiple different locations' worth of warehouses. Additionally, there is a chance that the plan may concede revenue management.Why is India still in need of private commodities forwarders considering how shipping is now going? A joint venture agreement was inked in January between the Indian government and the shipping company CMA CGM.7