Spike in freight costs to hit exporters : Ind-Ra
MUMBAI : A recent four-fold spike in container freight costs, could hit Indian exporters’ profit margins and enhance their working capital requirements through 2024-25 if there is no respite
Exim operations are hampered by heavy rains, and cargo builds up at Gujarat ports
GANDHIDHAM : The current spate of intense rain in Saurashtra and Kutch has severely impacted the export and import activities at Kandla and Mundra Ports. Due to the
Container ship fleet expands by 11%, fastest growth in 15 years : BIMCO
LONDON : “Since the beginning of the year, the capacity of the container ship fleet has increased by 1.6m TEU. Compared to one year ago, the capacity has
Emerging markets power 2024 container trade : Clarksons Report
LONDON : Trade from the Far East to a bloc of developing economies, especially South America, Africa and the Middle East/Indian Subcontinent, has risen dramatically and has emerged
Shipping delays surge at Singapore Port
SINGAPORE : The number of vessels arriving at the Port of Singapore which was 2,303 last month increased 66 per cent compared to May 2023. Through May, Singapore
Hapag-Lloyd CEO sees solid shipping demand driving up freight rates
HAMBURG : Solid container shipping demand has driven up freight rates over the past two months, Hapag-Lloyd Chief Executive Mr. Rolf Habben Jansen said in a call with
Box shipments from Africa, Middle East, India and Pakistan to be collected via Secure Chain in Rotte
ROTTERDAM : Beginning 1 October 2024, container shipments from Africa, the Middle East, India, and Pakistan must utilize the Secure Chain system at the port of Rotterdam. Major
Mundra Port battles congestion amid growing box volumes
MUNDRA : Indian importers and exporters are dealing with considerable cargo delays at Mundra Port, which leads the country’s containerised trade. Local trade sources have raised serious concerns
MariApps signs Maersk for the next generation of shipmanagement solutions
SINGAPORE : MariApps Marine solutions, the market leader in ship management digital solutions has signed a deal with A.P. Moller – Maersk (Maersk), a global leader of integrated
Spot rate growth slows but ocean container shipping market will remain extremely challenging
OSLO : Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing. The latest data from