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SHIPPING AND AIR FREIGHT RATES
Attempt to murder charge against passenger who tried to open exit gate of Kuala Lumpur-Kochi flightPolice added an attempt to murder charge against a passenger on a Kochi-bound flight. He allegedly tried to open the emergency exit and dam...- Indian manufacturers turn to air freight as West Asia crisis disrupts sea shipmentsIndian manufacturers are airlifting components to ensure festive season production continuity. Sea freight delays and congestion are making...
- Early surge in US container imports coming to an end, shippers sayUS container import volume, driven by tariffs and war surcharges, has peaked. Shippers are now well-stocked for the upcoming holiday shoppi...
- How the Iran-backed Houthis' claims of deadly attacks are stoking fears of a wider regional conflictYemen's Houthi rebels claimed responsibility for deadly attacks this week. These actions escalated the conflict and raised regional concern...
- Reliance Industries books supertanker at record $23-25 million freight to lift Iraqi crudeReliance Industries paid a record sum to charter a supertanker for Iraqi crude oil. This reflects a limited vessel pool and soaring voyage ...
- Hormuz uncertainty pushes landed costs up to 50%, raising risk of higher consumer pricesThe escalating unrest near the Strait of Hormuz is causing a notable spike in shipping expenses for businesses in India. An increase in fre...
- Primary steel makers may maintain Rs 11K per tn operating profitability in FY27 despite cost pressurePrimary steel producers expect steady operating profitability this fiscal year. Higher global steel prices and safeguard duties will suppor...
- Tewolde Gebremariam: The storied career of Air India's new helmsman and the tough India test that awaits himTewolde Gebremariam, known for crisis management, will lead Air India. He previously managed Ethiopian Airlines through major global crises...
- Indian vessel sinks near Yemen after projectile strike; 14 seafarers rescuedAn Indian vessel, MSV Faize Noore Oliya, sank after a projectile strike near Yemeni waters. All fourteen seafarers aboard were safely rescu...
- UAE non-oil growth hits four-month high in July, PMI showsThe UAE's non-oil private sector expanded at its fastest pace in four months in July, driven by stronger new orders, a rebound in export bu...
- Navi Mumbai commences international freighter operationsNavi Mumbai International Airport launched its international freighter operations on August 2. IndiGo CarGo operated the inaugural flight c...
- India pharma sector to miss 2030 sales target amid tariff and shipping woes, trade body saysIndia's pharmaceutical industry is expected to reach$80-90 billion by 2030, well below its earlier$130 billion target, as U.S. tariff uncer...
- West Asia conflict adds fresh cost pressures for India IncA prolonged conflict in West Asia is making it harder for companies to manage costs as volatility in commodity prices, freight rates and cu...
- Dry, hot summers are putting Dutch dikes at risk and threatening German river tradeEuropean drought weakens Dutch dikes, requiring constant monitoring by volunteers. Cargo ships face reduced loads on shallow Rhine and Danu...
- Indian Oil rules out shift from Gulf crude despite regional conflictIndian Oil Corp will continue using Gulf crude, it said citing freight advantages and refinery configurations. The company anticipates no i...
- Drone attack in Egypt raises fresh fears over Suez Canal, global oil supplyA drone strike on Egyptian tankers has raised energy security concerns for the Suez Canal. This vital route offers a safe passage for Saudi...
- Saudi Arabia seeks coalition to secure Red Sea shippingSaudi Arabia is seeking an international coalition to safeguard Red Sea shipping lanes. This initiative aims to counter ongoing Houthi atta...
- Aramco mulls new Asia pricing on deliveries from Egypt portState-run Aramco has been asking Asian customers to take oil deliveries from the Egyptian port, near the Suez Canal exit from the Red Sea, ...
- AI race redraws Asian air cargo, replacing ecommerce as growth engineGlobal air cargo networks are shifting towards AI chip manufacturing hubs. Cross-border ecommerce shipments are declining due to new import...
- Trade all at sea: Freight rattled by delays, ship shortages and port congestion as West Asia conflict flares up againRenewed conflict in West Asia is significantly disrupting India's exports, with exporters facing container shortages and limited vessel ava...
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