CONCOR and SCI sign MoU to explore business opportunities
NEW DELHI : Container Corporation of India Ltd. (CONCOR) and Shipping Corporation of India Ltd. (SCI) signed an MoU on June 3, 2024, here to explore business opportunities for leveraging each other’s infrastructure and
WSC welcomes IMO regulations on mandatory reporting of containers lost at sea
LONDON : The World Shipping Council welcomes new regulations from the International Maritime Organization (IMO) on reporting containers lost at sea. Under recently adopted amendments to the International Convention for the Safety of Life
Etihad Rail signs MoU with Cosco’s Abu Dhabi container terminal
ABU DHABI : Etihad Rail has signed a Memorandum of Understanding (MoU) with the subsidiary of Chinese shipping line Cosco that operates a container terminal at the Port of Khalifa in Abu Dhabi. Cosco
Container shipping rates going to rise high again
ATHENS : Container shipping rates are on the rise once more. In its latest weekly report, shipbroker Xclusiv said that “container shipping rates are soaring, nearing record highs from the pandemic era as the
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 to prices circulating between carriers and
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 in preparation for an elongated peak
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 shipping season, coupled with the longer transits