Shadow inflation: Shipping costs are up way more than you think
Name something that costs far more than it did before the pandemic that simultaneously gives you far less value for your money than it used to. Of all
MSC increases freight rates from Africa to Europe
GENEVA : Mediterranean Shipping Company (MSC) has published new Freight All Kinds (FAK) increases for cargoes travelling from Africa to Europe. The updated prices will be effective from
Kutch trade body urges Centre to set up national shipping line carrier
RAJKOT : With the container shortage crisis crippling the exim trade, the Federation of Kutch Industries Association (FOKIA) has sought urgent intervention of the central government in regulating
North America’s biggest container port faces record backlog
NEW YORK : Approximately 200,000 shipping containers remain on ships off the coast of Los Angeles as pandemic-related gridlock continues to disrupt various supply chains, according to Gene
Why Christmas could be stuck in a shipping container
Christmas for millions would not be possible without China: many of the presents found under festive trees around the world are made in the manufacturing powerhouse. But for
Hike in shipping containers’ freight charges has impex bizmen at sea
LUDHIANA : In a setback to the importers and the exporters of the city, their cost of doing business has shot up manifold due to spike in freight
DP World’s freight-rate marketplace soars by 1759%
A whopping 1,759% growth since SeaRates’ acquisition in 2020 DUBAI : Freight-rate marketplace SeaRates By DP World is seeing rapid revenue growth of 1,759% eighteen months after its acquisition by
Extend warehousing policy, freight subsidy to steel industry, traders in J&K: Assocham
NEW DELHI : A delegation from the Jammu and Kashmir chapter of Assocham met Union Steel Minister Ram Chandra Prasad Singh. It has sought extension of the freight
North Asia-to-USWC rates lower as short-term capacity relieves supply shortfalls
North Asia-to-US West Coast all-inclusive rates continued to edge down in the week ended as additional ship charterers entered the market, while Southeast Asia-to-US premiums rebounded. “Some carriers
Gadkari emphasises on reducing logistics costs below 10 pc
NEW DELHI : Union Minister Nitin Gadkari on Friday emphasised for reduction of logistic costs below 10 per cent for making the retail market more competitive and boosting economic growth.