MUMBAI : According to a top corporate executive, Great Eastern Shipping corporate, the largest private ocean carrier in India, may “evaluate” getting into the container shipping business. An industry analyst speculates that this could be a diversification plan meant to reduce the risks involved with the oil trade as the globe shifts to renewable energy sources, thereby reducing the amount of crude and petroleum products delivered by sea.

Rahul Sheth, General Manager of Great Eastern Shipping, said that the Red Sea situation is currently driving a very hot market. The transportation industry . . .