Karnataka Mango exporters faces headwinds due to surging air freight charges
BENGALURU : Mango growers in Karnataka are hit by a double whammy this year — low yield and a dramatic surge in air freight charges. The crisis in
Freight rate fall on trades out of India continues as exporters bet on new fiscal year
MUMBAI : Container freight rates on trades out of India have continued to soften from the Red Sea crisis-driven highs, according to the latest market analysis. On the
India-Bound oil tanker hit by missiles in Red Sea, say Yemen’s Houthis
LOS ANGELES : Yemen’s Houthis said on Saturday their missiles hit the Andromeda Star oil tanker in the Red Sea, as they continue attacking commercial ships in the
Red Sea crisis puts China-Europe freight rail in spotlight
BEIJING : More and more freight forwarders have turned to the China-Europe Railway Express (CRE), an extensive network of rail services connecting China and Europe, as a transportation alternative amid
US-led forces intercept Houthi missile and drones targetting ‘MV Maersk Yorktown’
WASHINGTON : A coalition vessel successfully engaged one anti-ship ballistic missile launched from the Iranian-backed Houthi “terrorist-controlled areas” in Yemen over the Gulf of Aden, the US Central
Red Sea disruption pushing up container values and rates
Container values have risen significantly across almost all sectors and age categories since the start of the year. Following an extended period of declines, where values fell steadily
Israel shoots down drone from Red Sea with C-Dome missiles for the first time
SANAA : Israel for the first time used a seaborne missile defence system to shoot down a drone approaching from the Red Sea that had set off sirens
Red Sea shipping diversions are boosting airfreight volumes and rates
OSLO : Retailers and manufacturers are flying more goods around the shipping crisis in the Red Sea, industry experts say, helping boost international airfreight operators after a long
Red Sea crisis : ONE delays restart of Asia – US East Coast Service
SINGAPORE : Ocean Network Express (ONE) has postponed the reinstatement of its East Coast 4 (EC4) service connecting Asia and the US East Coast due to the continued
Red Sea crisis nears boiling point, unable to heat up spot rates
YEMEN : Russian warships entered the Red Sea last Thursday, for what the Russian Pacific Fleet’s press service has stated was the performance of “assigned tasks within the