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.
This confrontation looks subcontracted—escalation to re-establish Pakistan's indispensability to outside capitals while squeezing Afghanistan back under an old paradigm.
CSE, one of India’s oldest bourses, is edging towards a voluntary exit. It could never recover from market manipulation scam that caused a payment crisis at exchange back in 2001.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
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