Global shipping navigates Trump tariffs uncertainty
PARIS : Shifting trade announcements have led to unprecedented volatility in the global shipping industry in recent weeks, with industry players having to constantly adapt to new US tariffs. Cargo ships put to sea
Panel calls for urgent attention on geopolitics-borne shipping challenges
NEW DELHI : Amid constant maritime threats arising out of geopolitical developments and a recent container crisis, the parliamentary standing committee on transport, tourism and culture on Tuesday called for immediate attention to the
Industry flags high shipping fees despite no container shortage : Piyush Goyal
NEW DELHI : The Ministry of Commerce and Industry recently held inter-ministerial discussion with stakeholders from the shipping industry, customs, Concor, Railways, exporters, freight forwarders and other logistics sectors on issues related to trade
Shipping rates surge in 2025 amid tariff hikes and strike concerns
LONDON : Spot container rates for shipping goods to the US from Asia have spiked over the past month as companies look to avoid higher tariffs and pad their inventories ahead of a strike
EBIT surge 600% YoY for major carriers in Q3 2024
COPENHAGEN : The major carriers have reported a combined Q32024 EBIT of $17.06 billion, which is a 600 percent increase year-on-year. The shipping industry witnessed a remarkable turnaround as major carriers recorded a staggering
Worldwide Shipping companies focussing their attention to Kerala’s Vizhinjam Port
THIRUVANANTHAPURAM : The maritime world is abuzz with the recent developments at Vizhinjam Port, where some of the globe’s leading shipping companies are gearing up for operations. This southern Indian port is emerging as
The global shipping industry faces a “shadow of uncertainty”
BOSTON : Worldwide shipping industry faces a “shadow of uncertainty”, particularly with China’s economy teetering on the brink of instability. So says Veson Nautical, which delivers freight management solutions for the global shipping economy.
Global Shipping : Disruptions pop-back ahead of 2024
One of the largest global shipping organizations, Maersk announced pausing all its operations on the Red Sea route, a passage that accounts over 10% of the global shipping trade. Soon after, its counterparts MSC