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.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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