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 market rates, and booking levels soared
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 the Competition Commission of India (CCI)
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 local carriers. Transport minister Saksayam Chidchob
Exporters worried over spike in freight and container charges
NEW DELHI : Exporters are worried that a spike in freight and container charges will hit shipments as it will make Indian goods costly and erode their competitive advantage. “The industry is worried that
Addressing container shortage, high shipping freights to help exports hit USD 400 bn this fiscal’
NEW DELHI : Addressing acute shortage of containers, controlling high shipping freights and ensuring timely refund of pending dues are crucial to take the country’s overall exports to USD 400 billion by the end
Freight Rates continue to rocket with no end in sight to container crisis
SINGAPORE : Container freight rates continue to break records, with new data showing a further massive spike on the key Asia to Europe and Asia to US routes. Chemical companies have been struggling with
Long-term container contract rates jump a record 28.1% in July
Xeneta’s latest XSI Long-Term Public Indices, which uses crowd-sourced data shippers, rose 28.1% in July, by far the biggest monthly rise the index has ever seen, the previous highest monthly rise being 11.3% in
Container equipment prices double in the space of 12 months
Prices of dry freight shipping containers have doubled over the past year to reach historic highs but will moderate over the next few years, according to Drewry’s recently published Container Census & Leasing Annual