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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...

Maersk: Consumers can foot shipping’s climate change bill The boss of the world’s biggest shipping firm has told the BBC people would be willing to pay a little bit more for their goods if it helps tackle climate change. From footwear to medical equipment, shipping can be a big part of any product’s carbon emissions. The industry as a whole accounts for about 2% of the global total. That means that if it was a country it would be the sixth biggest polluter, above Germany. Maersk chief executive Soren Skou says that for his company the extra costs of greener energy amount to billions of ...

BBC News By Jonathan Josephs image captionMaersk chief executive Soren Skou says greener shipping should cost customers very little each The boss of the world's biggest shipping firm has told the BBC people would be willing to pay a little bit more for their goods if it helps tackle climate change. From footwear to medical equipment, shipping can be a big part of any product's carbon emissions. The industry as a whole accounts for about 2% of the global total. That means that if it was a country it would be the sixth biggest polluter, above Germany. Maersk chief executive Soren Skou says th...

Containers blocked at global ports; costs up 9 times – Shipping researcher Rates for container shipping have skyrocketed up to nine times regular levels, as global container blockages keep goods stuck in ports. There are reports of fruit rotting in containers waiting offshore to be unloaded, and companies like Ikea that depend on uninterrupted deliveries are seeing their shelves empty out. Cyprus ports have been spared such congestion up to now. But there are more than 30 container ships blocked at Los Angeles ports every day. Of the 20 major global container ports, 75 per cent saw an incre...