News Details

Container shortage hits exporters financially


Due to the shortage of freight containers and subsequent steep rise in freight charges and delays in shipments, many Indian exporters have been hit financially. The extent of the problem can be gauged from the fact that delays in shipments this month alone would impact exports worth $15 billion to $20 billion out of the monthly total of $30 billion to $35 billion since outbound movements picked up, as per reports. Delays of around 15 to 20 days are expected to particularly hit exporters of lifestyle goods and handicrafts as their shipments pick up from August to peak in October and November in time for the Christmas festivities, the reports added.

 

Source: Exim News Service: New Delhi, Sept. 13