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Exporters take unusual steps to ease container shortage

(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. ....

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Exporters are taking unusual steps to ease container shortage

Exporters are taking unusual steps to ease container shortage
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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
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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. ....

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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.” ....

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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.

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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
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