OSLO : Houthi attacks on shipping have triggered a sharp rise in ocean freight rates, surpassing the speed of increase experienced during the initial phase of the Covid-19 pandemic, reports
LONDON : UNCTAD has raised profound concerns over escalating disruptions to global trade. The Intergovernmental Body noted that recent attacks on ships in the Red Sea, combined with
SINGAPORE : Mainline operators which are still offering Red Sea services are configuring their routes to transit the troubled region. Hapag-Lloyd has launched an ad hoc Jeddah Express
MUMBAI : The boost in container freight rates seen on trades out of India as a consequence of the Red Sea crisis has accelerated in recent weeks, according
COLOMBO : The Sri Lankan government on Monday said it is intensifying efforts to enhance operational efficiency at the Colombo Port to meet the escalating demand for container
CHENNAI : “We may see Russian icebreakers being built at Indian shipyards. These are encouraging possibilities of India-Russia Maritime Partnership,” Union Minister for Ports, Shipping and Waterways Shri
OSLO : Early indications suggest ocean freight shipping rates are set to increase further in early February amid the ongoing Red Sea crisis, according to data released by
SINGAPORE : Container rate levels are seeing the expected levelling out prior to Chinese New Year as the initial shock of the Red Sea crisis wanes and new
NEW YORK : Amid rising hostilities in the Red Sea due to Houthi attacks, Fitch Group said South Asian economies would be most affected. They will experience the
NEW DELHI : Freight rates have skyrocketed by up to 600 per cent due to the Red Sea crisis which would hurt the world trade, say Indian exporters