MSC announces implementation of Oceania PSS
GENEVA : MSC has announced a Peak Season Surcharge (PSS) effective 1 July 2024, due to robust demand in the Oceania region. The surcharge will apply to all shipments originating from Australia and New
CMA CGM updates rates from Middle East Gulf to North Europe, Med and North Africa
MARSEILLE : CMA CGM announced new Freight All Kinds (FAK) rates effective from 12 July (loading date at origin ports) until further notice. These new FAK rates apply to dry cargo originating from the
Singapore Port congestion shows global impact of Red Sea attacks
SINGAPORE : Congestion at Singapore’s container port is at its worst since the Covid-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean shipping, with bottlenecks
Kuehne+Nagel establishes network of cross dock warehouses in support of healthcare market in U.S.
NEW JERSEY CITY : With this solution, Kuehne+Nagel addresses the growing need of the healthcare market for more sustainable and cost-optimized supply chains, in an industry where precise temperature control and timely delivery are
Shipping companies review schedules as another strike paralyzes the terminal in Wilhelmshaven
WILHELMSHAVEN : Maersk is reviewing vessel line-ups and schedules at the Wilhemshaven Terminal in Germany after Trade Union ver.di initiated another round of warning strikes. And a date has been announced for the next round
Container prices double, leasing rates triple in China
BEIJING : The average container prices in China have reached their highest in two years, at US$3,600 this week for 40 ft high cube cargo-worthy containers in China.These prices were somewhere around US$1,700 in
National Logistics Day – June 28
As there are a “National Day” for about everything under the sun and that is ok because who doesn’t love celebrating key dates in history, industries and holidays. So, in 2019, TIA member Logistics
MoPSW may back green transition of inland vessels, tugboats with ₹15,000 cr VGF
NEW DELHI : The Shipping Ministry is preparing a ₹15,000-crore viability gap funding (VGF) plan for companies to shift to greener vessels for inland water transport over the next 10 years, said two persons aware
PM Gati Shakti scheme is transforming India’s infrastructure: Morgan Stanley
NEW DELHI : In a recent report American multi-national investment bank and financial company Morgan Stanley has all praise for PM Gati Shakti Scheme. The report says India has scaled up its infrastructure strongly
Work on India-UAE leg of $20b trade corridor set to kick off
NEW DELHI : Work on the India-UAE leg of the $20 billion transcontinental India-Middle East Europe Economic Corridor (IMEC), widely viewed as a counter to China’s intercontinental Belt and Road Initiative, is set to