Shortages push Freight Rates to New High
LONDON : Global shipping costs have soared to record highs after an August price surge fuelled by the scramble by firms to combat severe supply shortages as port and factory shutdowns bite. Trade experts
COSCO SHIPPING Ports announces 2021 Interim Results capturing Strategic Development Opportunities, Continuing to Enhance Lean Operations
SHANGHAI : COSCO SHIPPING Ports Limited, the world’s leading ports operator, announced the interim results of the Company and its subsidiaries (the “Group”) for the 6 months ended 30 June 2021. 2021 Interim Results
China notifies new rules to regulate foreign ships in its waters
SHANGHAI : The new rules are expected to increase tensions if China strictly enforces them in the South China Sea and the Taiwan straits where the US and its allies have been conducting naval
ATMA requested government to remove port restrictions, lower duty on rubber imports
NEW DELHI : Rajiv Budhraja of ATMA said it is a double whammy for tyre manufacturers as domestically available rubber is high priced and in short supply, while dependence on import continues to increase
Action plan is in place to protect the port’s Cargo traffic from slipping away : VPT Chairman
VISAKHAPATNAM : With the Andhra Pradesh government approving Adani Ports and Special Economic Zone Limited’s (APSEZ) proposal of acquisition of 10.4 percent stake of Gangavaram Port Limited (GPL), the landscape of maritime transport is
Containership order book doubled up in 2021 : BIMCO
COPENHAGEN : Freight rates are record high, record amounts of cargo are shipped across the Pacific Ocean, as well as globally, and the previous yearly record for new container ship orders has just been
All-inclusive rates inch up as shippers compete for space
LONDON : All-inclusive premium bookings heard in the US marketplace inched upwards during the week to Aug. 27 as port congestions on both sides of the Pacific supported market rates, and booking levels soared
Monetizing DFC: Many firms will be keen, but need investor-friendly stance, regulator
NEW DELHI : The government’s plans to monetise one-fifth of the two National Dedicated Freight Corridors (DFCs) has generated a lot of interest even though it makes up for only a small part of