Impressive order booking position to sustain exports growth albeit logistics challenges: FIEO President
NEW DELHI : Reacting to the trade data for July 2021-22, Dr A Sakthivel, President, FIEO said that the sustained growth in exports of about 50 percent with USD 35.43 billion over FY’ 2020-21
CMA CGM applies new reefer surcharges worldwide
MERSEILLES : The French shipping company CMA CGM has published new rate increases for reefer containers across the world. Firstly, CMA CGM has already set a Port Congestion Surcharge (PCS) of US$1,000 per reefer
HMM achieves record profits and increased volumes during 2021 H1
HMM has reported its highest operating profit in its history of US$2.06 billion in the first half of 2021 with a margin of 45.1%, while the company’s revenue almost doubled to US$4.56 billion, compared
High shipping rates due to demand/supply disruption in container business: Gujarat Pipavav Port
PIPAVAV : Gujarat Pipavav reported its earnings for the June-ended quarter. Jakob Friis Sorensen, MD, Gujarat Pipavav Port discussed the earnings fineprint and outlook. The container business is looking good but he believes there
Two shipping firms to start container feeder service at MPT
PANAJI : Spelling good news for Goa’s export and import business, two shipping firms have shown interest in operating container feeder services at the Mormugao Port Trust (MPT). A new container feeder operated by
Ningbo, liners ready to skip the port
ZHENJIANG : The temporary suspension of operations at Ningbo Meidong container terminal due to Covid has already put the major shipping companies on alert. They are already trying to protect themselves from the possible
From Meerut to Madrid: Logistics lessons India can port from China
NEW DELHI : An efficient supply chain forms the bedrock of any industrialised economy. The importance of supply chain has been demonstrated in both India and China — the two growth engines of Asia.
Drewry’s World Container Index gains US$50 this week
Drewry’s composite World Container index increased marginally 0.5% or US$50 to US$9,421.48 per 40ft container on 12 August, 358% higher than the same week in 2020. This is the 17th consecutive week of increases,