Red Sea crisis : Indian exporters save on higher shipping costs as importers start sharing burden
NEW DELHI : Even as the Red Sea crisis pushes up shipping expenses, Indian exporters are getting some relief from the higher cost burden by negotiating rates afresh with their buyers, a government official
Disruptions in Red Sea route likely to raise freight and forwarding cost by 25-30%
NEW DELHI : Sustained disruptions in the Red Sea route is likely to raise the freight and forwarding (F&F) cost by 25-30% for corporates largely dealing in international trade, a report by credit ratings agency Ind-Ra
India Exim Bank forecasts about Merchandise Exports Growth upto 3% in Q4 despite Red Sea crisis
NEW DELHI : The Export-Import Bank of India (India Exim Bank) has forecast a 3% growth in India’s merchandise exports in the final quarter of FY24 despite the ongoing disturbances in the Red Sea. The
Maersk partners with PUMA for first semi-automated omnichannel fulfilment distribution centre in Chile
COPENHAGEN : A.P. Moller – Maersk (Maersk) partners with Global Key Partner PUMA to operate the first semi-automated omnichannel fulfilment distribution centre in Santiago de Chile. The warehouse and distribution solution will provide PUMA
Amid Red Sea crisis, India gets a specific zone in Duqm Port
NEW DELHI : Oman has allotted a specific zone to India in the strategically located Port of Duqm, less than two months after the visit of Sultan Haitham bin Tariq to New Delhi, a development that will help
Inter-ministerial panel on Red Sea Crisis to meet Today
NEW DELHI : The high-level inter-ministerial group on the Red Sea Crisis, chaired by Commerce Secretary Sunil Barthwal, will meet onThursday amid shipment delays and increase in cargo transport costs. This is the second meeting of the group that has
Red Sea crisis bites deep for Egypt as Suez Canal fees plummet
CAIRO : Suez Canal toll fees have taken a dive as ships redirect around the Cape of Good Hope, but the diversions have had a mixed impact on freight markets. An analysis from Veson
CMA CGM pauses Red Sea transits
MARSEILLE : French container shipping company CMA CGM informed its customers that as from 1 February 2024 and until further notice, all services initially routed via the Red Sea passage will now follow the