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.
India’s exporters continue to reel under container shortage, despite additional measures
MUMBAI : Despite additional measures taken by the world’s shipping lines to help India’s economic recovery, container shortage continues to haunt exporters. Though not as much as it
Shortages, supply congestion will make festive shopping more expensive
MUMBAI : The world of logistics and manufacturing is in a state of disarray. A record number of ships are stuck outside Los Angeles and Long Beach, Calif.
Freight rates elevated more than 90% in one year
Xeneta Shipping Index (XSI) has revealed another monthly hike in long-term ocean freight rates, with global container prices rising by 3.2% in September, followed by a 2.2% increase
Break bulk cargo eases exporters’ hardships
RAJKOT : In wake of severe containers shortage and high freight rates, nearly 60 custom house agents (CHAs) have joined hands to place in order new arrangement by
Hapag-Lloyd CEO Says Shipping Still in the Thick of Supply Chain Disruption
FRANKFURT : Global container shipping problems related to post-COVID 19 logistics problems have intensified in the third quarter and show no sign of letting up, the world’s number five operator,
MSC raises prices from Europe to America
GENEVA : The Swiss shipping company MSC will implement fresh Freight All Kind (FAK) rate increases for shipments from Europe to America that will take effect on 25
Baltic Dry Index Hits 12-year Peak
The Baltic Exchange’s main dry bulk sea freight index rose for a fourth straight session to a 12-year high, buoyed by higher rates across vessel segments. The overall
Analysis : Freight surcharges will remain even after rates ease
Surcharges of 70%-80% of the total freight cost are no longer uncommon as carriers seek to handle the crisis in equipment and slot capacity, and are unlikely to
Coffee exporters express concern over rising freight rates
BENGALURU : In an interactive session between the Union Minister of Commerce and Industry Piyush Goyal and Coffee Growers, Exporters , several coffee exporters expressed their concerns over
