Learning can be easier with EX - Library.

Explore our newest feature, a reliable informational resource you've been looking for!
Join |
Post-pandemic spurt in global trade leading to container shortage: CSLA
0 comm

Post-pandemic spurt in global trade leading to container shortage: CSLA


The recent container shortage has led to several problems for exporters, such as declining availability and increasing shipping costs. And those challenges are not limited to just one country. Instead, it includes different exporting nations worldwide that have been unable to ship their goods due to insufficient containers available.

However, the US and Europe have recently made it possible for Indian exports to get into these markets after months of lockdown. This move came in response to China's response, which has led to the current situation in which there are more than enough empty containers waiting, so that no single country can be held accountable for any issues relating to past or future trade deals. However, it also benefits all parties involved by providing new opportunities both domestically and internationally, assuming all parties addressed these challenges.

Global Trade and Maritime Traffic

Congestion at transshipment ports has exacerbated the shipping situation as both global trade and maritime traffic have increased steadily. According to the Container Shipping Lines Association (India), or CSLA, the critical gateway port on the west coast of the US has experienced severe equipment imbalance, with 40% of containers not leaving due to a lack of space at other departure points.


According to CSLA's Vaswani, this trade impediment is just one example of how increased maritime activity can pose significant challenges for shippers attempting to keep up with demand while maintaining profitability.

The CSLA has also stated that pricing is an individual decision made by each shipping line based on commercial considerations such as costs, demand and supply, and specific market scenarios. Each company has a unique approach to how they price shipments depending on various factors such as the shipped product or the urgency of the delivery.
Thus, to safely transport goods across the world, truck companies need reliable container systems. The commodities trading industry is worth trillions of dollars annually and relies on these containers for workflow efficiency.

However, experts have noted that there are not enough ships built in India as new orders with shipyards may be needed sooner, which would help improve shipping lines' fleets while also boosting local manufacturing efforts by releasing close to nearly 50,000 empty containers back into circulation.

Learn More with EXIMA News

EXIMA News is here to provide you with all the latest updates on global news. Take a look at our News Page to learn more about current events!

You May Also Like

Nov 05
The potential impact of the Taliban on Afghan trade

Many countries are concerned about Afghanistan's chaotic situation following the Taliban's takeover of the government. Some are even considering suspending trade with Afghanistan, as they are unsure of the Taliban's next moves. Visit our blog to learn more.

Comments (0)
Nov 10
Importing And Exporting Agricultural Products is Key to Maintaining The American Food Supply

Importing and exporting are critical for the American food supply, if not the entire economy, because domestic agricultural production can only meet a small portion of the enormous demand. Check out our blog to learn more!

Comments (0)
This website uses cookies. By using this website, you consent to our use of these cookies