Page 3 - Container Shipments

Will meet its need for containers from domestic manufacturers: Concor

The Container Corporation of India on Friday said it will meet its annual need for around 8,000 containers from domestic manufacturers and no longer depend on China for its requirement. Commerce and Industry Minister Piyush Goyal on Friday called on the industry to "seriously explore" the possibility of containers being manufactured in India "given its chronic shortage for exports". The Container Corporation of India (Concor), which spends about Rs 200 crore annually on procurement of containers, has already given a developmental order for 1,000 containers each to public sector undertakings Bharat Heavy Electricals (BHEL) and Braithwaite & Co. Concor will soon issue tenders for the remaining 6,000 containers wherein only domestic firms will be able to participate under certain government rules. "As of now, all containers are imported because there is no manufacturing capability in India. We want to push India as a manufacturing hub for containers. "Our requirement is 8,000 ...

Severe container shortage pushing up exporters' cost of doing business

This is an unusual imbalance caused by the lag in the revival of domestic demand following the Covid-19 lockdown

Container shortage affecting shipment schedules: TEXPROCIL

The Cotton Textiles Export Promotion Council (TEXPROCIL) on Monday said shortage of containers is making it difficult for exporters to complete scheduled shipments despite sharp rise in export orders.

India's export revival may be under threat. Blame it on container shortage

Global trade is being roiled by a shortage of containers because dire predictions of a collapse this year that prompted carriers to cancel sailings have proved too pessimistic

AEO benefits continue even after switching operations to MOOWR: Expert

Operating under Section 65 of Customs Act, 1962 has no effect on AEO status

September recovery proves short-lived as exports fall 5% in Oct

Covid-induced lockdowns in advanced nations hit exports, trade deficit at nine-month high

Japan's September export declines at a slow pace over shipment recovery

Exports fell for their 22nd straight month, marking the longest run of declines since a 23-month run through to July 1987

Blue Dart to hike average shipment price by over 9% from January 1

The upward revision in prices is part of the annual exercise undertaken to adjust inflation, fluctuation in currency and fuel price, among others

Chennai Port extends carrying time to 7 days for DP world, PSA Singapore

It also said the extension in carrying time is expected to facilitate more time for exporters who can move the trailers in advance to avoid the peak hours rush

India a small net exporter after 18 yrs even as merchandise shipments dip

Country may see current account surplus for the second quarter in a row in Q1 of FY21

Container vessel idling at 1-yr high as Covid-19 pandemic sinks sailing

The highest sailing cancellation since the Covid-19 outbreak was in February, registering a spike of 105 cancellations across Trans-Pacific, Asia-Europe, and the Mediterranean trades.

Shipment of foodgrain, flour, and pulses grow 148% in first week of FY21

Except for foodgrain, flour and pulses, transport of all other commodities showed negative growth

Container volumes to stay muted on subdued export-import ambience

Owing to pressure on profitability and the need for better and wider network, the port logistics industry has seen consolidation trends in the last one year