Container spot rate growth set to rise further and ocean container shipping market will remain extremely challenging
OSLO : Ocean freight container shipping spot rates are set to increase further, but growth may be slowing, according to ocean freight rate benchmarking firm Xeneta. Xeneta data indicates average spot rates from the
Singapore Port container logjam worsens as ships avoid Red Sea
SINGAPORE : Singapore’s port, already one of the busiest in the world, is facing a sustained period of congestion as vessel diversions to avoid the Red Sea push more container ships to the Asian
J M Baxi Ports & Logistics announces Capt. Alpesh Abhay Sharma as COO-Container Business
MUMBAI : J M Baxi Ports & Logistics is pleased to announce the appointment of Capt. Alpesh Abhay Sharma as the Chief Operating Officer (COO) – Container Business. Capt. Alpesh Sharma joins J M
South Western Railway’s double-stack dwarf container trains
BENGALURU : The South Western Railway’s (SWR) Bengaluru division is considering the operation of double-stack dwarf container (DSDC) trains, a first for the region. To facilitate this change, SWR has initiated the process of
Pakistan customs agents call for clearing thousands of stuck containers at port
KARACHI : Khurram Ejaz, the Former President of the Karachi Customs Agents Association, has sharply criticized port authorities for their lack of preparation in clearing the stuck containers at Karachi Port. In a statement,
Hapag-Lloyd CEO says demand up significantly since May
HAMBURG : Hapag-Lloyd Chief Executive Rolf Habben Jansen said on Wednesday that demand for container shipments across the world’s oceans has risen significantly in recent weeks but the upswing may be short-lived. The CEO
Container spot rates expected to rise in June again
LONDON : Fears over a shortage of capacity have continued to push up container freight rates over the past week, hitting levels only previously seen during the pandemic. Drewry’s World Container Index (WCI) was
Container price rise expected to burst in 2H 2024 : Container xChange
SINGAPORE : Container xChange, a leading player in the global container shipping market, released its June market forecaster report, showing a significant 45% surge in container prices in China in May, while prices in the