The meeting was also attended by the ministry of ports, shipping and waterways, ADG Shipping, Container Shipping Lines Association (CSLA) and Federation of Indian Export Organisations (FIEO).
Towards this, FIEO, and other associations will jointly identify cargo, particularly perishable cargo, for its priority movement. They will work with the shipping lines for the same.
"CSLA assured that the freight rates according to existing contracts will be honoured. A request has been made to the shipping lines to maintain stability in freight rates during the period of this crisis," it said, adding that the situation is 'temporary' and is unlikely to have a long-lasting impact on trade.
Once the blockage is over, some bunching is expected at JNPT, Mundra and Hazira ports. Ministry of ports, shipping and waterways will issue an advisory to these ports so that they efficiently handle the situation during the forthcoming busy period.
"Shipping lines were advised through CSLA to explore the option of re-routing of ships via the Cape of Good Hope. It was pointed that such re-routing usually takes 15 additional days’ time," it said.
Blockage of the Suez Canal since 23rd March is seriously hitting global trade.
This route is used for Indian exports
worth $ 200 billion to and from North America, South America and Europe. It includes petroleum goods, organic chemicals, iron & steel, automobile, machinery, textiles & carpets, handicrafts including furniture, leather goods, among others.