February 10, 2024
March 19, 2026
February 10, 2024
Disruptions in Red Sea route likely to raise freight and forwarding cost by 25-30%
NEW DELHI : Sustained disruptions in the Red Sea route is likely to raise the freight and forwarding (F&F) cost by 25-30% for corporates largely dealing in international trade, a report by credit ratings agency Ind-Ra
February 9, 2024
After five months of pause due to the Israel-Gaza war, government hopes to move on the IMEEC
NEW DELHI : After months of a pause on the India-Middle East-Europe Economic Corridor (IMEEC) that was launched during the G-20 summit in September 2023 but stalled due to the Israel-Hamas conflict, the government
February 9, 2024
Maersk partners with PUMA for first semi-automated omnichannel fulfilment distribution centre in Chile
COPENHAGEN : A.P. Moller – Maersk (Maersk) partners with Global Key Partner PUMA to operate the first semi-automated omnichannel fulfilment distribution centre in Santiago de Chile. The warehouse and distribution solution will provide PUMA
February 9, 2024
Amid Red Sea crisis, India gets a specific zone in Duqm Port
NEW DELHI : Oman has allotted a specific zone to India in the strategically located Port of Duqm, less than two months after the visit of Sultan Haitham bin Tariq to New Delhi, a development that will help
February 9, 2024
CMA CGM applies new overweight surcharges from India
MARSEILLE : French-headquartered box line CMA CGM has announced a new overweight surcharge (OWS) effective from 7 February 2024 until further notice. The surcharge applies to cargo originating from Indian ports such as Nhava
February 9, 2024
Shipping Number of the Week : Container market grows a modest 0.2% y/y in 2023 as the fleet swells
LONDON : “In 2023, the container market grew 0.2% year-on-year, ending at 173.8 million TEU. Compared to 2019, before the COVID pandemic hit, the market grew 1.5%. Container market growth has lagged behind overall
February 8, 2024
Red Sea crisis bites deep for Egypt as Suez Canal fees plummet
CAIRO : Suez Canal toll fees have taken a dive as ships redirect around the Cape of Good Hope, but the diversions have had a mixed impact on freight markets. An analysis from Veson
February 8, 2024
CMA CGM pauses Red Sea transits
MARSEILLE : French container shipping company CMA CGM informed its customers that as from 1 February 2024 and until further notice, all services initially routed via the Red Sea passage will now follow the
February 8, 2024