China has revved up its export economy and is paying huge premiums for containers, making it far more profitable to send them back empty than to refill them.
Transport woes are plaguing consumer & healthcare sectors that are dealing with a dearth of available shipping containers to move components & products out of Asia’s export powers.
The sailors are on two ships, the Indian MV Jag Anand and Swiss-Italian MV Anastasia, that have been denied permission to offload Australian coal they are carrying.
Global trade has been hit by shortage of containers & India’s situation is worsened by tensions with China that have reduced imports -- and incoming containers.
Industry bodies said global trade would simply cease to exist without seafarers and urged Bezos to exert pressure on incoming Biden administration to recognise them as key workers.
The institute is already in the process of commercialising & licensing the technology with the help of shipping ministry. The vehicle is expected to be operational in early 2021.
Most crew members have been on board far longer than permitted limit of 11 months, but China is refusing permission for their repatriation ‘due to Covid’.
The shipping industry handles 80-90 per cent of global trade in goods and has been the backbone of the ‘third wave’ of globalisation that started in 1980s.
On paper, the 21-point plan looks balanced—Palestinian governance, international oversight, reconstruction pledges. But in reality, it is a non-negotiable diktat.
As many as 21 policy reforms are under implementation following Invest Kerala Global Summit, as LDF govt works to change perception that the state is not conducive to businesses.
Amid continued concerns over cross-border terrorism, General Upendra Dwivedi further warned the neighbour that India will not show restraint if there is an Op Sindoor 2.0.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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