Drewry: World Container Index up 151% on a Yearly Basis
LONDON : Drewry’s World Container Index increased 4% to $4,226 per 40ft container last week. Ocean spot market freight rates against 790 global port pairs
The $10,000 Shipping Container Looms in Latest Trade Strains
CALIFORNIA : Companies transporting goods from Asia face costs of as much $10,000 for an urgent full-size shipping container over the next month — about double current spot rates, according
Shipment delays double as ships clog up Singapore’s ports
SINGAPORE : The world’s second busiest container port at Singapore has seen a major spike in congestion, forcing carriers to stretch charter agreements and to build container fleets
Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
COPENHAGEN : A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak
Red Sea crisis: Container shortage & soaring shipping costs drive up cost of white goods
KIEL (GERMANY) : The ongoing conflict in West Asia, particularly in the Red Sea region has severely impacted global shipping, causing a significant increase in sea freight costs
Container lines make $5.4bn profit amid Red Sea disruption
SINGAPORE : After six consecutive quarters of falling profits, container lines rebounded in the first quarter 2024 with rate support from geopolitical disruption. Container line earnings have been
CONCOR to add 200 LNG trucks for improved logistics service
NEW DELHI : Container Corporation of India (CONCOR) plans to enhance its first-mile and last-mile logistics services by adding 200 more Liquefied Natural Gas (LNG) trucks to its
Indian container cargo to grow at 8% in FY25 amid Red Sea crisis
NEW DELHI : India’s coal cargo throughput at ports is estimated to grow at a CAGR of 3-4 per cent from FY24 to FY26, despite an anticipated decline
Unmasking the extent of container shipping’s potential overcapacity
Courbevoie : Analyst Alphaliner outlines the current capacity shortages in the trades between Asia and Europe and in doing so also reveals the extent of the potential overcapacity
CONCOR CMD visits Taiwan and Japan, interacted with Trade representatives
NEW DELHI : Shri Sanjay Swarup, CMD of Container Corporation of India Ltd (CONCOR), interacted with representatives from leading shipping lines and Freight Forwarders in Taiwan to apprise