Ship rates spiking 467% marks upended trade across commodities
LONDON: Rates to ship commodities from energy to bulk ores across the world’s oceans are heading for a rare year-end surge as conflicts, sanctions, and swelling output upend
Tanker freight rates for Russian crude to India climb on higher seaborne exports, sources say
LONDON: Tanker freight rates for shipping Urals crude from Russia’s western ports to India rose further in late September and early October, tracking a sharp increase in loadings
Iran–Israel war could shut Bandar Abbas port, push up air freight rates: Exporters tell Govt
NEW DELHI : Indian exporters on Friday urged the government to plan alternate shipping routes to West Asia, warning that the escalating Iran–Israel war could lead to the
Drewry WCI rises as industry anticipates ILA strike, policy changes
LONDON : The Drewry World Container Index (WCI) composite index increased by 2.68 per cent to $3,905 per 40-foot equivalent unit (FEU) on January 5, 2025, up from
Global shipping costs to remain high amid tariff threats, Red Sea challenges
KUALA LUMPUR : Global shipping costs are expected to remain high next year, with freight rates likely to continue rising due to ongoing challenges in the shipping industry,
High freight rates strain global supply chains, threaten vulnerable economies : UNCTAD
GENEVA : Global shipping costs surged in the first half of 2024, driven by unprecedented disruptions in major maritime routes and rising operational costs. The strain on supply
Freigt rates surge in FEU and TEU container market spreads key considerations for shippers
OSLO : Spiralling ocean container shipping freight rates dominate discussion in the wake of major events such as the Red Sea conflict – but beneath these easy-to-observe headline
Freight Costs, Container shortages threaten India’s exports: GTRI
NEW DELHI : Increasing freight costs, shortage of containers and dependence on major shipping hubs and foreign carriers pose serious challenges to the country’s exports, think tank GTRI
Even Suez Canal restart is No Silver Bullet for Container Shipping Turbulence, warns Lars Jensen
COPENHAGEN : Shippers should anticipate continued volatility in container shipping freight markets through 2025, with even the re-start of operations through the Suez Canal not guaranteeing immediate respite
Spike in freight costs to hit exporters : Ind-Ra
MUMBAI : A recent four-fold spike in container freight costs, could hit Indian exporters’ profit margins and enhance their working capital requirements through 2024-25 if there is no respite