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 to several ports in America, which
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, up 8.6 percent compared with the
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 issues related to export logistics amid
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 equipment”, taking effect in September and
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 company will set an HLC of
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 updated prices will be applicable from
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 lines. “The cartelised, monopolistic and restrictive
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 which emerged partly on account of
