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.
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‘Container shortage at ports has eased’
April 20, 2021
Concor reduces empty haulage rates
Shortage of containers has now eased in the country, said Pawan Agarwal, Special Secretary in the Logistics Division, Ministry of Commerce and Industry, during a press meet on Tuesday.
In March, almost 58 per cent additional (year-on-year) exports has been handled, which is about 17-18 per cent more than the level seen during March 2019 (pre-Covid), according to the Container Shipping Lines Association (India) (CSLA).
During a review with the Federation of Indian Export Organisations (FIEO) and CSLA on April 15, the exporters body said that due to coordinated efforts, the issue of shortage of containers has almost been sorted out, except some shortage of food-grade containers for export of tea, coffee or spices. This is localised to southern ports (Kochi/Tuticorin/Chennai/Mangaluru), which CSLA apprised is a long term issue due to import deficit at these ports.
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Transworld Group to build a ₹200 crore container manufacturing facility in Gujarat
March 01, 2021
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Dubai-based Transworld Group, promoted by Indian businessman Ramesh Ramakrishnan has signed an agreement with state-owned Sagarmala Development Company Ltd to build a cargo container manufacturing facility in Gujarat with an investment of about ₹200 crore.
The plan marks India s entry into manufacturing cargo containers, a segment dominated by China, as part of the Atmanirbhar Bharat initiative. Indian coastal shipping adds about 10,000 twenty-foot equivalent units (TEUs) of new containers annually, while India s largest container rail operator – Container Corporation of India - may require 2,000 to 2,500 TEUs of new containers every year, an official with the Ministry of Ports, Shipping and Waterways said.