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Exporters are taking unusual steps to ease container shortage

Exporters are taking unusual steps to ease container shortage SECTIONS Exporters are taking unusual steps to ease container shortageBy Ann Koh and Rajesh Kumar Singh, Bloomberg Last Updated: Mar 10, 2021, 08:03 AM IST Share Synopsis Among other things, Container Corp is moving containers to neighbouring countries such as Sri Lanka and Bangladesh to help ease the shortage. Typically the company would only move the boxes to facilitate domestic shipments. That has coincided with a turnaround in India’s trade, with both exports and imports witnessing two months of growth on run. AFP Even countries less reliant on exports are looking at ways to unclog global trade arteries.

Exporters Take Unusual Steps to Ease Shipping Container Shortage – gCaptain

By Ann Koh and Rajesh Kumar Singh (Bloomberg) Some of the world’s biggest exporters in Asia are intervening to alleviate a shipping container shortage that jeopardizes their overseas trading. Government-owned Indian Railways has moved empty boxes to inland depots like Delhi from seaports for free. South Korea has deployed an extra nine vessels on the Trans-Pacific route to help local manufacturers while China’s state-owned shipyard, Cosco Shipping Heavy Industry, has converted at least one freshly built paper-and-pulp carrier to transport the containers. “The state has a far bigger role within shipping in Asia, with equity stakes in numerous shipping lines, shipyards and terminals,” said Simon Heaney, senior manager of container research at Drewry Shipping Consultants Ltd. “That influence is much less prevalent elsewhere in the world.”

Top headlines: Wipro s new CEO for Europe, BJP MP sworn in as U khand CM

New CEO Pierre Bruno to lead Wipro s business in six regions across Europe Information Technology major Wipro on Wednesday announced the appointment of Pierre Bruno as chief executive officer for its Europe operations. The company expects Bruno to lead Wipro’s business in six distinct regions across Europe and claims that it is a bold indication of the firm s continued investment and focus on the European market, building on its momentum across the region in recent years. Revenue deficit grant of Rs 6,194 cr released to 14 states: Govt The union government on Wednesday released the 12th and final monthly instalment of revenue deficit grant of Rs 6,194.09 crore to the states. With the release of this installment, a total amount of Rs 74,340 crore has been released to eligible states as Post Devolution Revenue Deficit Grant (PDRD) in the current financial year, the ministry of finance said in a statement.

Exporters take unusual steps to ease container shortage to ease trading

Exporters take unusual steps to ease container shortage to ease trading
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

India, China, S Korea are taking unusual steps to tackle their container shortages

India, China, S Korea are taking unusual steps to tackle their container shortages
theprint.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theprint.in Daily Mail and Mail on Sunday newspapers.

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