Container shortage, lockdowns spook Tirupur garment industry
CHENNAI : Raising Air freight, shortage of containers for sea freight and lockdown for six weeks due to Covid second wave has meant nearly Rs 2,500 crore worth garments stuck in Tirupur. Worse, these
Addressing container shortage, high shipping freights to help exports hit USD 400 bn this fiscalR…
NEW DELHI : Addressing acute shortage of containers, controlling high shipping freights and ensuring timely refund of pending dues are crucial to take the country’s overall exports to USD 400 billion by the end
MAN bags the world’s first order for methanol engine within container segment
GERMANY : MAN Energy Solutions has won the order to supply the world’s first, low-speed, dual-fuel engine to run on methanol within the container segment. Hyundai (HMD) will construct the 2,100-TEU vessel in Korea for A.P.
Indian exporters feel the heat of container logjam
MUMBAI : Foreign buyers have started cancelling the shipments boarding from India because the exporters are not able to avail any containers leading to consignments lying at various ports for weeks together. This, coupled
How Maersk dominates the global shipping industry
COPENHAGEN : With surging consumer demand, bottlenecks at ports and a shortage of containers, it’s a tumultuous time to be an ocean carrier. Maersk, the world’s largest container shipper, announced May 2021 first-quarter revenue
‘Crazy rates’ to ship a container out of India – after a 100% premium to get the box
MUMBAI : With the severe shortage of containers and capacity, Indian forwarders are being quoted “crazy” freight rates by carriers that “won’t honour” contracts. According to the Federation of Indian Export Organisations (FIEO), there
Vinit Kumar,virtually flags off 40×40 HC Container Rake operated jointly by Maersk Line & …
KOLKATA: SM Port Kolkata, Chairman, Mr. Vinit Kumar, virtually flagged off 40×40 HC Container Rake operated in joint collaboration by Maersk Line & Pristine Mega Logistics from ICD Chawapayal in Ludhiana to KDS.A New
SC Ports has record May for containers
SC Ports keeps freight moving, recording a record May for containers handled at the Port of Charleston CHARLESTON : South Carolina Ports had a record May for containers handled at the Port of Charleston, marking