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Exporters likely to move CCI on 'cartelisation' in shipping industry

Based on estimates of the Directorate General of Shipping, the country has seen a 15 per cent fall in the supply of containers in 2021 for various reasons

Shipping, GDP, India
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According to the industry body, freight rates to the US have increased more than threefold from $3,500 per 40-foot reefer container in March 2020 to $15,000 now

Shine JacobAditi Divekar Chennai/Mumbai
Baffled by the increase in logistical costs and short supply of containers, which are making business uncompetitive, a group of exporters are gearing up to approach the Competition Commission of India (CCI) to ask it to look into possible “cartelisation” by shipping lines.
 
The exporters will also seek government regulation on shipping lines in India, after the US President Joe Biden directed the Federal Maritime Commission to crack down on “unjust and unreasonable fees” in the shipping sector.
 
Based on estimates of the Directorate General of Shipping, the country has seen a 15 per cent fall in the