India-Gulf container rates plunge as capacity returns and cargo backlogs ease
Container shipping rates from India to the Persian Gulf have significantly softened from the peaks ...
Photo: © Sheila Fitzgerald
By Alex Lennane
MSC has partnered with an Indian start-up to help it triangulate its containers, reducing costs and boosting efficiency.
MatchLog Solutions, founded in July, will help the line reposition its empties in India. If used across the country, it is thought lines could make savings of some $10bn a year by cutting the 40% wastage seen in the sector
MatchLog’s offering is built around technology and data, as well as a transport network of 8,000 trailers and seven virtual on-wheels triangulation points, to turn around and match-back containers, reports Hindu Business Line.
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