Feedertech commences calls at Khalifa Bin Salman Port
BAHRAIN : Bahrain’s Khalifa Bin Salman Port (KBSP), operated by APM Terminals Bahrain, has welcomed MV Songa Iridium on her maiden voyage to the port on September 18. This is the first vessel to
Iran-India trade conference held in Tehran
TEHRAN : The International Institute of Iran Industries Research (MPSIran) in collaboration with the Iran-India Joint Chamber of Commerce hosted a conference on Iran-India trade cooperation in Tehran . The event was attended by
Tirupur knitwear exporters welcome export policy
COIMBATORE : Tirupur Exporters” Association on Wednesday said it welcomes the export promotion policy of the Tamil Nadu government. The association said it was hopeful of reaching the export target of 100 billion US
DPT organised Yoga Class to celebrate ‘Azadi Ka Amrit Mahotsav’
GANDHIDHAM : Deendayal Port Trust (DPT) celebrated ‘Azadi ka Amrit Mahotsav‘ through Yoga Class by Gujarat State Yoga Board’s Yoga Coach, Shri Janardhan Patankar. Shri Nandeesh Shukla, IRTS, Dy. Chairman; Shri C. Harichandran, Secretary;
Severe truck strike disrupts container handling at Chittagong Port
CHITTAGONG : Truckers have enforced their scheduled strike morning across Bangladesh halting movement of cargoes and bringing a supply chain disorder. The 72 hour-strike has also disrupted the handling of containers and bulk cargoes
Maersk Is Heading for Biggest Profit in Danish History
COPENHAGEN : A.P. Moller-Maersk A/S is heading for a full-year profit that will match its combined results from the past nine years and make business history in its home country, Denmark. A combination of
Retailers in US forced to find creative ways to overcome shortages and price hikes
A record number of container ships are causing backlogs in key US ports, causing shortages and price hikes. Major retailers like Walmart, Home Depot, and Lululemon have taken on extra costs to offset the
“If you’re shopping for the holidays, start now”: Supply chain issues worsen as California Ports face record backlog
CALIFORNIA : A backlog of cargo ships waiting to get into the Ports of Los Angeles and Long Beach are helping drive up the cost of goods and services during the pandemic. A record
Los Angeles & Long Beach Ports extend gate hours to curb congestion
CALIFORNIA : The main US marine gateway complex is pulling out all the stops in an effort to reduce congestion that is suffocating import flows. The Ports of Los Angeles and Long Beach are
Analysis : Freight surcharges will remain even after rates ease
Surcharges of 70%-80% of the total freight cost are no longer uncommon as carriers seek to handle the crisis in equipment and slot capacity, and are unlikely to disappear even when rates begin to