Container freight rates out of India begin to trend down after strong gains in July
MUMBAI : Container freight rates on trades out of India have generally moderated in August with the exception of bookings to Europe, according to an analysis of market data . On the westbound India-Europe
TT Club highlights continuing efforts to prevent container losses overboard
LONDON : Understanding the circumstances that lead to stack collapse and losses overboard incidents is of course vital in mitigating the risk. TT applauds the World Shipping Council initiative to publish the details of
JNPT Container Operators Association defers the voluntary stoppage of work to 9th Sept 2024 from today
MUMBAI : The JNPT Container Operators Association had announced a voluntary suspension of their operations beginning today on 20th August 2024. This decision came in response to the ongoing challenges faced by operators at
TT warns container seals are being ignored to the detriment of cargo security
LONDON : Loss due to theft is among the top three causes of claims received on an annual basis by the international freight and logistics insurance specialist, TT Club. Identification of trends, spikes and
Fire breaks out on MSC container ship in Colombo
COLOMBO : Firefighters of the Sri Lanka Ports Authority (SLPA) Fire Brigade successfully extinguished the fire that broke around 00,30 hours on Sunday in the container vessel MSC Capetown III at the Port of Colombo. A sudden
Even Suez Canal restart is No Silver Bullet for Container Shipping Turbulence, warns Lars Jensen
COPENHAGEN : Shippers should anticipate continued volatility in container shipping freight markets through 2025, with even the re-start of operations through the Suez Canal not guaranteeing immediate respite from disruptions and soaring freight rates,
Drewry: World Container Index Down 3% Last Week
LONDON : Drewry’s World Container Index decreased 3% to $5,551 per 40ft container last week. Drewry’s detailed assessment for Thursday, 08 August 2024 The latest Drewry WCI composite index of $5,551 per 40ft container
CONCOR Q1 Results : Net profit up 6% at ₹259 crore, company declares dividend
NEW DELHI : Container Corporation of India Ltd (CONCOR) on Thursday (August 8) reported a 5.8% year-on-year (YoY) increase in net profit at ₹259.4 crore for the first quarter that ended June 30, 2024.