A crisis is staring exporters in the face with high freight rates and few ships and containers. These two factors are expected to spoil the upcoming Christmas season.
Alleging that shipping companies are forming cartels, various industry players have approached the government, seeking its intervention and the setting up of a large shipping company under its guidance to break the international monopoly. A major point the exporters are raising as proof of this is the performance of the top 10 shipping companies in the world in the past one year. For these top 10 companies (no Indian ...