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(March 10): 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.

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 countr...

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 big...

Principal Secretary To LG Discusses Modalities To Boost Exports JAMMU: Principal Secretary to Lieutenant Governor, Nitishwar Kumar chaired a weekly meeting at Civil Secretariat here today to discuss modalities to boost exports. The high-level meeting was attended by Administrative Secretaries of Agriculture, Industries & Commerce, School Education, Higher Education, Civil Aviation, Mission Director Skill and Directors of various departments. Principal Secretary to LG, Nitishwar Kumar discusses modalities to boost exports In the meeting, the discussion was held regarding the restructurin...

This will reduce waiting times and accelerate overall exports. India's 5% broken parboiled variety of rice eased to $395-$401 a tonne from last week`s multi-year high of $402-$408. New Delhi: Indian rice exports gained momentum this week after an additional port was opened in the country's biggest rice-handling facility, potentially easing congestion. Waiting periods at the Kakinada Anchorage Port had reached up to four weeks, compared with about a week normally, because of congestion at the port. "From Saturday (February 13) we have started using Kakinada deepwater port," said B.V. Krishna...