News / India's container crisis could last a further three months, say forwarders

India’s container shortage could last another three months, as congestion hits Colombo and shippers call for tighter regulation of freight rates.

Worldwide Logistics (India) said the acute space problem over the past few weeks was the result of increased demand, reduced imports and port rotation issues.

“Vessels which were idling during the corona-lockdown were re-routed to more profitable trades on the transpacific, leading to supply and demand gaps for major intra-Asia trading routes,” the forwarder explained.

“Due to lack of containerships calling at ...