Exporters in China are raising prices by 10% or more, adding to inflation risk on top of the existin…
Chinese exports are getting pricier on the back of higher input prices in China amid the shipping crisis. Demand is surging in the developed world as economies recover from the COVID-19 pandemic. Chinese exporters are hiking prices,
The shipping crisis has gotten so bad that some companies are chartering air cargo planes for $2 mil…
The shipping crisis is driving some companies to ship their goods via air charters. A trans-Pacific Boeing 777 air freight charter has hit $2 million – more than double its peak pre-pandemic price. The shipping crisis is boosting
Maersk ‘repositioned’ 2.15 lakh empty containers in the first 8 months of 2021
MUMBAI : With India’s exports showing strong momentum since the start of the year, the world’s largest shipping line, Maersk, repositioned as many as 2.15 lakh empty containers — moved empty boxes from a
The shipping crisis is getting worse. Here’s what that means for holiday shopping
LONDON : The vast network of ports, container vessels and trucking companies that moves goods around the world is badly tangled, and the cost of shipping is skyrocketing. That’s troubling news for retailers and holiday