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 and disrupting the supply chains for
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 on a downward trajectory since the
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 fleet. This initiative aligns with Concor’s
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 in coal imports by 2-3 per
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 that could affect the industry if
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 them of CONCOR’s robust infrastructure, which
Supply chain disruptions and rising demand boost container freight rates globally
NEW YORK : Shares of major container shipping firms soared on Monday, fueled by the climbing freight rates. Notably, the Shanghai Container Freight Index, a key indicator of shipping rates from major Chinese ports,
122 Shipping Containers seized by JNCH at JN Port over suspected Contraband from China
MUMBAI : The Custom Central Intelligence Unit (CIU) of Jawaharlal Nehru Custom House (JNCH) has put on hold 122 containers on suspicion of containing banned Chinese fireworks, electronic items, microchips, and other contraband, in