Shortage forces shipping lines to reposition 1.85 million containers - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Shortage forces shipping lines to reposition 1.85 million containers

Repositioning of containers is getting an empty container from a port of surplus to one where they are scarce. Shipping lines had to resort to this strategy as container shortage soared across the world as several container ships got stuck in ports amid the pandemic and various restrictions even as merchandise exports from India grew 105% year-on-year to $354 billion in 2021.

from Industry-Economic Times
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