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
Soaring freight cost a global phenomenon: Goyal
SURAT : Union Industries Minister Shri Piyush Goyal claimed that the government has limited role in this role to play in the demand-driven market after describing shortage of
Shippers expect more carriers to follow rate freeze by Hapag-Lloyd, CMA-CGM
NEW YORK : The recent rate freeze announced by CMA CGM and Hapag-Lloyd has given shippers a hope that more carriers will follow the suit and market sources