Maersk sees Red Sea conflict absorbing up to 20% ship capacity
COPENHAGEN : A.P. Moller-Maersk A/S expects that the shipping industry this quarter will spend 15% to 20% of its Asia-to-Europe vessel capacity on sailing south of Africa to avoid the Red Sea. The effects
Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%
COPENHAGEN : Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry’s capacity between Asia and Europe by up to 20% in the second quarter. Maersk and
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 the Middle East is impacting the
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 westbound India-Europe trade, average short-term contract
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 area in a show of support
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 the Red Sea crisis, which has disrupted
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 Command said on Thursday. “The
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 for this sector after reaching a