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
Cash-rich container lines look to squeeze out feeder operators
LONDON : Ocean carriers are squeezing their feeder service providers from both sides: firstly by refusing to entertain contract rate increases, and secondly by turning the heads of
Container crunch takes toll on freight rates: Lock empty cases, say exporters
NEW DELHI : In light of rising freight rates due to the global container shortage, exporters have called on the government to provide freight subsidies and curb the
Govt provides freight relief for farm exporters
NEW DELHI : The government on Friday enhanced the scope of the Transport and Marketing Assistance (TMA) scheme for specified agriculture products by including dairy products under its
No capping of shipping rates: Govt
NEW DELHI : The government ruled out capping of freight rates, which have shot up, but made it clear that shipping lines needed to be transparent in their
CMA CGM makes the decision to stop all spot rate increases
This measure is effective immediately from September 9, 2021 and until February 1, 2022. The Group is prioritizing its long-term relationship with customers in the face of an
Hapag Lloyd and MSC apply new Asia – America rates
HAMBURG : The European container shipping companies Hapag Lloyd and MSC have announced the implementation of fresh increases in rates from the Middle East and the Indian Subcontinent
China Ningbo Containerized Freight Index up 8.6 pct in August
The China Ningbo Containerized Freight Index (NCFI), a wind vane of China’s busiest port’s freight rates for the international container shipping market, stood at 3,862.6 points in August,
Ministers to meet Industry on high freight rates, container shortage
NEW DELHI : Commerce and Industry Minister Piyush Goyal, Railway Minister Ashwini Vaishnaw, and Minister for Ports, Shipping and Waterways Sarbananda Sonowal will meet industry representatives on Thursday to discuss
