Global shipping navigates Trump tariffs uncertainty
PARIS : Shifting trade announcements have led to unprecedented volatility in the global shipping industry in recent weeks, with industry players having to constantly adapt to new US tariffs. Cargo ships put to sea
India’s container volumes at a higher risk of potential global growth slowdown: Jefferies
NEW DELHI : According to a report by Jefferies, India’s port sector, especially the container volume, is likely to be significantly impacted by the US tariff and the potential global growth slowdown.“Container volumes at
India braces for higher freight costs and container shortages, with containers stuck in China
NEW DELHI : Freight costs have risen by double digits as exporters rush to lock down consignments amid uncertainties over reciprocal tariffs by the US. Shipping companies and Indian exporters are also bracing for a potential container
WCI Tests New Year 2024 Quotes as Tariff Impositions and GRIs to spell the way forward
By Mr. Gautham Krishnan The Drewry World Container Index (WCI) registered a 6% weekly fall (over 15% for the fortnight) recording USD 2,629, its lowest since the 60%+ jump recorded to touch USD 2,670
Regional container trade imbalances increase 33% : BIMCO
LONDON : “Since 2019, the global container market has grown 8%, ending at 183.2m TEU in 2024 according to Container Trade Statistics. However, growth has been very uneven and regional imbalances between exports and
Shipping risks via Red Sea remain elevated despite Israel-Hamas ceasefire
LONDON : Most shipping companies and charterers will continue to route their tankers and cargoes via the longer Cape of Good Hope for the time being, despite the ceasefire agreement between Israel and Hamas,
Container ship order book hits new record high of 8.3M TEUs
LONDON : At the end of 2024, the container ship order book was 8.3m TEUs, a new record compared with the previous high of 7.8m TEUs in early 2023,” says Niels Rasmussen, Chief Shipping
Drewry WCI rises as industry anticipates ILA strike, policy changes
LONDON : The Drewry World Container Index (WCI) composite index increased by 2.68 per cent to $3,905 per 40-foot equivalent unit (FEU) on January 5, 2025, up from $3,803 per FEU. Shipping freight charges