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 index, which factors in rates for
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 disappear even when rates begin 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 increasing international freight rates. According to
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 containers and the spiralling freight costs
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 expect some relief from the skyrocketing
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 shipowners with offers of employment for
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 movement of empty cases out of
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 purview and increasing the rates of