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videos | IST

Container shortage hurting exports; situation may normailise by April, feel experts

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Container volumes are down 14 percent in the April to November period and a number of auto majors have now flagged this unavailability as a big challenge for their export orders.

Container volumes are down 14 percent in the April to November period and a number of auto majors have now flagged this unavailability as a big challenge for their export orders.
SS GILL, Senior VP & Head-International Business at Volvo Eicher Commercial Vehicles, on Monday said that the availability of containers had been impacted due to the export-import imbalance.
Mahesh Keyal, VP of Federation of Indian Export Organisations (FIEO) said, “Exports in terms of volumes from July to October has gone up by 24 percent whereas imports has gone down by 28 percent and that’s the main cause of imbalance in the availability of containers.”
Sunil K Vaswani, ED of Container Shipping Lines Association India (CSLA) said that the situation was likely to normalise by April.
“The US and European countries started importing big time from June and June saw unexpected surge in exports as well from India,” he said, adding that India was getting 1 lakh empty containers every week.
For entire discussion, watch video