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 the leading global trade enabler. Since
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 subsidy to the industries of the
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 are offering lower rates to the
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. Gadkari said the government is focusing
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 would have in the absence of
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. Shortages of everything from vessels to
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 in August and an unprecedented 28.1%
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 adopting break bulk cargo transportation. A