Kutch trade body urges Centre to set up national shipping line carrier
RAJKOT : With the container shortage crisis crippling the exim trade, the Federation of Kutch Industries Association (FOKIA) has sought urgent intervention of the central government in regulating the exorbitant freight rates by setting
HMM to launch new Far East Asia- Latin America Service (FIL)
SEOUL : HMM announced that it will launch a new service connecting Far East Asia and Latin America to deliver a more comprehensive service. The new service is known as the Far East-India-Latin America
The next inflation risk? Chinese suppliers to the U.S., booked for months, are raising prices by dou…
A spike in demand since the pandemic has led to a backlog of orders lasting until next April and has given the company enough confidence to raise prices by 10%. Rather than hurting demand,
Maersk seems to cut out freight forwarders to attract larger BCOs
COPENHAGEN : Maersk is expected to announce that it will only handle cargo from direct shippers from 1 November, cutting out freight forwarders, In an effort to attract larger shippers . The Danish carrier
Alibaba bought into parent of new ocean carrier Transfar Shipping
Chinese e-commerce group Alibaba has a stake in new liner operator Transfar Shipping, which launched operations with China-US west coast sailings in August. Singapore-registered Transfar started out as a freight forwarder, owned by Worldwide
The Speed of Nation’s Progress got new ‘Shakti’ through launching of PM GatiShakti : Shri Sarbananda…
GUWAHATI : The speed of nation’s progress got new ‘Shakti’ through launching of an ambitious initiative PM Gati Shakti on October 13, said Union Minister of Ports, Shipping & Waterways and AYUSH Shri Sarbananda
Hike in shipping containers’ freight charges has impex bizmen at sea
LUDHIANA : In a setback to the importers and the exporters of the city, their cost of doing business has shot up manifold due to spike in freight of shipping containers. The freight rates
DP World’s freight-rate marketplace soars by 1759%
A whopping 1,759% growth since SeaRates’ acquisition in 2020 DUBAI : Freight-rate marketplace SeaRates By DP World is seeing rapid revenue growth of 1,759% eighteen months after its acquisition by the leading global trade enabler. Since