Pipavav on Wednesday Nov 18 said it has
cut terminal handling charges for empty containers by a quarter to help the
exporters, facing container shortage for overseas shipments. The charges have
been revised downward from November 16 and will remain in effect till December
31, 2020, the private port operator said in a release.
The move is aimed at supporting exporters
The move is aimed
at supporting exporters in getting easy access to empty containers and reducing
the waiting period, the port operator said.
Pipavav is taking efforts to facilitate trade and help in reviving the economy
amid a considerable imbalance in trade due to severe shortage of containers for
exporters, it added.
“The Port has
reduced the terminal handling charges for empty containers by 25 per cent to
enable the exporters who are adversely impacted by the shortage of empty
containers due to significant fall in imports,” APM Pipavav Terminals said.
The reduction for handling charges from Nov 16 to Dec 31
The reduction for
handling charges on the tariff is effective for vessels sailing from November
16 to December 31, it added.
“Looking at the
trade cycle adversely affected by the shortage of containers, we decided to
assist the trade through a reduction in handling charges of empty containers. I
hope this will support exporters in getting easy access to empty containers and
reduce the waiting period, thereby addressing the critical issue of container
shortage,” said Jakob Friis Sorensen, Managing Director, APM Terminals Pipavav.
during April-October period of the current financial year fell 19 per cent to
USD 150.14 billion, while imports declined 36.3 per cent to USD 182.29 billion,
the release said, citing data from the Ministry of Commerce and Industry.
The country is facing a shortage of containers for exports
The country is
facing a shortage of containers for exports as the containers that come in as
imports are shipped out for exports, APM Pipavav Terminals said, adding that
because of a significant fall in imports, shipping companies had cut capacity
that impacted the availability of allied transportation systems like trucks and
This resulted in a
shortage of empty containers hurting exporters as access to a container is now
taking more than two-three weeks compared to a maximum of 4-5 days earlier, it