MSC implements fresh charges in Europe
GENEVA : The Swiss shipping company MSC will apply fresh surcharges to several European ports “due to the strong demand of containers and consequent difficulties to supply needed
Hapag Lloyd announces heavy lift charges worldwide
HAMBURG : The German carrier Hapag Lloyd has introduced several heavy lift charges (HLC) in shipments worldwide for containers exceeding a specific amount of tones. Firstly, the shipping
Hapag Lloyd increases rates to Latin America
HAMBURG : The German container shipping company Hapag Lloyd has announced the implementation of several ocean tariff rate increases for sailings destined to ports of Latin America. The
As freight rates turn high, Spice Exporters seek probe into Shipping cost
NEW DELHI : With freight rates soaring, spice exporters have urged the Ministry of Ports, Shipping and Waterways to start a high-level probe into the costs of shipping
Container freight rates rise in five-fold in two years on supply shortage
MUMBAI : In a major blow to world trade, global average container freight rates have risen more than five-fold in two years due to a massive supply shortage
MSC to push up European rates in September
GENEVA : The Swiss shipping line MSC will implement new rate increases for shipments in Europe that will take effect in September. Firstly, the Geneva-based carrier will rise
Shortages push Freight Rates to New High
LONDON : Global shipping costs have soared to record highs after an August price surge fuelled by the scramble by firms to combat severe supply shortages as port
All-inclusive rates inch up as shippers compete for space
LONDON : All-inclusive premium bookings heard in the US marketplace inched upwards during the week to Aug. 27 as port congestions on both sides of the Pacific supported
Exporters likely to move CCI on ‘cartelisation’ in Shipping industry
MUMBAI : Baffled by the increase in logistical costs and short supply of containers, which are making business uncompetitive, a group of exporters are gearing up to approach
Thailand mulls launch of national liner operator to tackle soaring freight rates
The government has told Port Authority of Thailand (PAT) to establish a national liner operator by mid-2022 to overcome high freight rates and see more exports transported by