Lack of containers: Skyrocket shipping rates, exports hit – News2IN
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Lack of containers: Skyrocket shipping rates, exports hit

Lack of containers: Skyrocket shipping rates, exports hit
Written by news2in

Nagpur: Export and imports of goods from Vidarbha have dropped more than 30% over the past few months due to lack of global containers, which have regarding Exim trade throughout the country.
Monthly throughput on three landsline depot containers (ICDs) in Nagpur has reached 6,500 to 7,000 containers in the past two months due to the regular average of 8,000 to 7,500 containers, say sources in the industry.
Indian train subsidiary – Container Corporation of India (Concor) – has a major part in the business here.
ICDS takes a container in a train carriage to the port.
An official at Concor also acknowledged that business, especially on the export side, has dropped 30%, touching around 4,500 containers.
Concor has ICD in Mihan, while two other personal ICDs are in Borkhedi, more than 35 km from the city, and Wardha.
The lack of containers has led to a sharp increase in the shipping rate, which has affected small players in turn regarding the overall business.
“Rice is the main commodity exported from Vidarbha.
Commodities brought to the port in Mumbai or Vizag in a container container.
Rice exports from Vidarbha mainly headed to Russia and West Africa,” said Shivkumar Rao, R & Y logistics director in the city.
In more than six months, the shipping rate to Russia has surged to $ 5,500 containers of $ 1,200.
There is a similar increase for West Africa too.
Shipping costs to the US have seen the highest jump to almost $ 13,000 with more than $ 2,000 six to eight months ago, said Rao.
This industry blames lack of containers and massive improvements in the shipping level because it has discovered small exporters.
Because of lack of containers, the shipping line mostly takes commodities in the form of bulk rest.
This is not affordable for many small export because at least 5,000 tons of bulk break need to be sent, said Rao.
Meanwhile, the government made an effort to alleviate the availability of containers.
The CBIC Center for Customs and Customs has issued instructions to accelerate the sale of unnecessed, unclear or confiscated items that lie in the container in the customs bonded area (area under customs control where goods cannot be moved or Exit without permission).
Communication recently by CBIC said it has received a list of more than 13,000 long-term containers of the container shipping line association.
Field Formation has been asked to accelerate the disposal of goods so that this container can be released.
Before this, 14,000 containers were released through clearing the items in it.
However, the source in the shipping business said it might only produce a small contribution because the problem is much bigger.

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