editedbook
Publication: IIP Proceedings Year: 2022, Month: November Page No: 239-247, ISSN/ISBN: 978-93-95632-95-9, DOI/Link: https://www.rsquarel.org/assets/docupload/rsl2023E7AF3135FCFE571.pdf
THE SHIPPING CONTAINER CRISIS
Area/Stream: Management, Authors: Dr. M. Bina Celine Dorathy Keywords: shipping containers, blank sailings, freight rates Book Name /series: Futuristic Trends in Management, Volume 2, Book 7, Part 4, Chapter 1Publication: IIP Proceedings Year: 2022, Month: November Page No: 239-247, ISSN/ISBN: 978-93-95632-95-9, DOI/Link: https://www.rsquarel.org/assets/docupload/rsl2023E7AF3135FCFE571.pdf
Abstract:
Shipping containers play an immense role in international trade. It brought about significant changes in cargo transportation by significantly cutting down cost and time. The global lockdown induced by the pandemic has created disruptions in container movement. Containers got stagnated at major ports waiting for customs clearance. The entire container clearance operation was slowed down for want of manpower and this created one of the worst congestions in recent years. Container shortage has led to increase in freight rates and some of the shipping lines have started making exorbitant profits utilizing this opportunity. The impact is more on India as many shipping lines have announced blank sailings to Indian ports. This article provides a glimpse of the grim situation that prevails and outlines the areas that require attention from the Government.
Cite this: Dr. M. Bina Celine Dorathy,"THE SHIPPING CONTAINER CRISIS", Futuristic Trends in Management, Volume 2, Book 7, Part 4, Chapter 1, November, 2022, 239-247, 978-93-95632-95-9, https://www.rsquarel.org/assets/docupload/rsl2023E7AF3135FCFE571.pdf
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