LONDON : Drewry’s composite World Container Index decreased by 2% to $1,954.64 per 40ft container this week. Our detailed assessment for Thursday, 16 February 2023 The composite index has decreased by 2% this week,
MUMBAI : The railways is facing an unprecedented congestion on the tracks in the Nagpur-Bhusawal section. This has delayed the movement of export-bound containers and also the inward movement of imports, said sources. Sources
HAMBURG : An increase in port congestion and container pickup charges in China point to a recovery in demand for container transportation. According to date from container logistics platform Container xChange, pickup charges from
The largest container ship, EVER ACE on her maiden voyage, arrived at Felixstowe, Suffolk, UK. The mammoth vessel is 400m long and has the capacity of carrying 23,992 containers, which is a record capacity among similar-sized vessels.
Reduction in the number of shipping vessels operating as a result of the Covid-19 pandemic has led to fewer empty containers being picked up, leaving many containers in inland depots and stuck at ports
NEW DELHI : Commerce Secretary Mr. BVR Subrahmanyam on Thursday assured that the Central Government will come up with a solution to the ongoing shipping container crunch within a week and said the government
Gone are the days when being a NVOCC or SOC box operator you could buy containers in any region, as per the need of any particular project of specific move, from one port to
LONDON : Reefer container freight rates have risen sharply through 2021, but in contrast to dry cargo rates, are forecast to rise further in 2022, driven by catch up on North-South routes, according to
LONDON : When will the container capacity crunch finally ease? For an early indicator, keep an eye on production of the humble 40-foot dry cargo box. If the volume and cost of new containers
HMM PSA New-port Terminal (HPNT) has developed Korea’s first automatic container seal dispenser. It has succeeded in developing this automatic seal dispenser after a year and a half of research and cooperation with LeTech,