Private marine freight businesses may be established by financial institutions (FIs), including Citibank, Barclays, Bank of America, Bank of Tokyo-Mitsubishi UFJ, Mizuho, Standard Chartered, Indian Bank, and JPMorgan. As a result, the marine sector ought to experience increased challenges.The selection of financial services companies, however, demands the selection of participants from the private sector who do not have a substantial port or distribution network for maritime freight. It entails assuming the risk of managing warehouses spread over several distinct sites. There is also a likelihood that the plan may accept revenue management.Why, given how shipping is now doing, does India still want private commodities forwarders? The Indian government and the maritime firm CMA CGM signed a joint venture deal in January.