Container spot rates plunge 58% since January
SHANGHAI : Container spot rates have fallen by 10% for the fourth week running as increasingly looks like the sector could be in for a hard landing. The
Congestion is a big piece of the Supply and Demand Puzzle
Dry bulk and container shipping markets have exhibited sharp declines in earnings over the summer. Many have attributed this to a drop in congestion. However, our data shows
CBI arrests ex-CMD of ABG Shipyard Rishi Agarwal in ₹22,000-crore bank fraud case
MUMBAI : Rishi Agarwal, the former promoter of fallen shipbuilder ABG Shipyard Ltd, has been arrested by the Central Bureau of Investigation (CBI) in what is dubbed as
Freight fall corners operators with costly charters
Crumbling container freight rates have taken their toll on the newer and smaller players in the liner shipping industry, as their current earnings are insufficient to cover their
Made in India Shipping Containers — how Indian Govt aims to cut dependence on China ‘monopoly’
NEW DELHI : To cut down its dependence on China, the Modi Government is working on a comprehensive plan for manufacture of shipping grade containers in India that
Citi completes First Pilot Transaction on the TradeLens Platform in Asia Pacific
BANGLADESH / HONG KONG : Citi Treasury and Trade Solutions (TTS) Asia Pacific has completed its first pilot paperless trade finance transaction using the TradeLens platform. Leveraging blockchain
Sarbananda Sonowal launches multiple projects for development of Bogibeel, Assam
NEW DELHI : Union Minister of Ports, Shipping & Waterways (MoPSW) and Ayush, Shri Sarbananda Sonowal launched multiple projects for the development of the Bogibeel region near Dibrugarh
SYMCON Industries flagged off their 1st ever dispatch of ISO Shipping / EXIM Containers for LANCER C
AHMEDABAD : SYMCON Industries Pvt. Ltd., the one and only Ahmedabad based and probably the 1st Gujarat based ISO Marine Container manufacturer to roll out the production and
Container spot rates tumble another 9.7% in last week
SHANGHAI : Container spot rates have continued to plunge over the last week with the Shanghai Containerized Freight Index (SCFI) losing another 9.74%. The SCFI reported on Friday
AAL eyes further network expansion with appointment of merchant shipping as commercial representativ
SINGAPORE : Singapore-based AAL Shipping has appointed Mumbai-based shipping company, Merchant Shipping Services, as its exclusive commercial representative in India. The appointment of Merchant Shipping Services, according to
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