Indian exporters boxed in by container crunch as rates rise to $7,000-10,000 in a fortnight

Indian exporters across products — from apparel and agricultural commodities to consumer electronics and furniture — are staring at a slump in exports due to a global shortage of containers, and a resultant jump in freight rates, prompting many to seek government intervention.

A severe container shortage – triggered by massive congestions at Chinese ports that are either closed or operating at much lower capacity due to Covid-19 restrictions, along with a huge demand for containers in US and ..

Read more at: https://economictimes.indiatimes.com/news/economy/foreign-trade/exporters-boxed-in-by-container-crunch-as-rates-rise-to-7000-10000-in-fortnight/articleshow/85753033.cms