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Post-pandemic spurt in global trade leading to container shortage: CSLA About 55 per cent of the container fleet is currently sitting in various ports or on water, as against a normal average of approximately 30 per cent, leading to less availability of containers globally and troubling exporters, including those in India, according to the Container Shipping Lines Association (India) (CSLA). The container shortage faced by Indian exporters is thus a global problem, not country specific, CSLA added. “From the beginning of July 2020, after months of lockdown, the US and Europe went on a buying spree and started importing big time from India, China and the Far East. At the same time, Indian imports dropped due to low consumer demand locally and certain restrictions placed by the government on imports from China. This created a major equipment imbalance as export demand for containers far outweighed the import supply,” CSLA Executive Director Sunil Vaswani said. ....
Post-pandemic spurt in global trade leading to container shortage: CSLA businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Photo: Krishnapatnam Port The response of Indian ports to the deadly second wave of the Covid-19 pandemic has been mixed between the private and public sector. Some of the largest private ports have gone the extra mile to facilitate the movement of medical equipment and supplies, while government-owned 12 major ports have been running operations as best they can in the face of local lockdowns imposed by state governments. “Due to Covid-related disruptions, there was a significant fall in cargo handling at the 12 major ports (that handle 61% of the country’s total seaborne traffic) during the financial year ended 31 March 2021, compared to fiscal 2019-20,” said Minister of State for Ports, Shipping and Waterways, Mansukh Mandaviya. ....
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Container Demand, A Boost For Indian Makers | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.