China’s Container Crisis: Falling Rates and Cooling Demand Concern Traders & Lessors
HAMBURG : China’s container logistics businesses face mounting pressure as declining container prices and leasing rates caused by weak cargo demand strain the industry. The market is experiencing growing inventory glut, making it harder
Ashwini Vaishnaw asks CONCOR to offer first, last-mile connectivity
NEW DELHI : Union Railway Minister Shri Ashwini Vaishnaw has asked the Container Corporation of India (CONCOR) to start door-to-door service, offering first as well as last-mile connectivity for freight container services. “Increase your
CONCOR awards order worth Rs 192 Cr. to GATX India for supply of rakes
NEW DELHI : Container Corporation of India (CONCOR) has placed an Rs 192 crore order with GATX India for the supply of 10 rakes of BLSS wagons (spine cars) on an operating lease for
Seven Asian shipping lines launching China-Mexico service
SINGAPORE : Seven Asian shipping lines are together launching China-Mexico service. Jointly operated by China’s Sinotrans Container Lines, Taiwan’s TS Lines, Singapore’s SeaLead Shipping and Emirates Shipping Line, Thailand’s Regional Container Lines, and South Korea’s KMTC
Indian port industry to grow 4-7 pc over next 5 years, supported by rising imports, declining freight costs: Report
NEW DELHI : Indian port industry will grow at the rate of 4-7 per cent over the next five years, supported by rising imports, a decline in freight costs, and the normalization of global
Russian captain involved in US tanker crash appears in UK court
LONDON : The captain of a container ship that crashed into a U.S. tanker in the last week off Britain’s east coast appeared in an English court on Saturday charged with gross negligence manslaughter.
Drewry: World Container Index down 7% Last Week
LONDON : For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts. If your organisation is considering index-linked contracts or requires regional visibility/coverage beyond the eight trade lanes
Asia-US container rates fall on rising capacity; liquid tanker rates mixed
LONDON : Shipping container rates from Asia to both US coasts fell again this week as capacity has grown and as volumes have fallen after frontloading to beat tariffs, and liquid tanker rates rose