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 soon, with smaller players likely to
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 heavy rains over the past seven
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 risen 11% to 29.5m TEU, the
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 as a key driver of global
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 has seen nearly 50 per cent
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 reporters on Wednesday. Attacks on vessels
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 shipping lines will cease issuing PIN
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 over the congestion plaguing Mundra’s container
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 logistics, to deploy PAL NG on
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 Xeneta, the ocean freight rate benchmarking