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Maersk suspends select cargo bookings between India, neighbouring countries and Upper Gulf markets amid Middle East tensionsIn light of recent developments, the shipping titan Maersk has temporarily halted specific cargo bookings in West Asia. The acceptance of r...- US, China to roll out tit-for-tat port fees, threatening more turmoil at seaThe United States and China have initiated reciprocal port fee charges on ocean shipping firms, escalating their trade war. These levies, a...
- Port workers get a raise. Now comes the hard partThe East and Gulf coast port strike concluded without presidential intervention as workers secured a 62% wage increase over six years.
- Beyond Chabahar: India’s port power play in Bangladesh to boost regional trade, counter ChinaAcquiring the managing rights for Chabahar port in Iran, Sittwe port in Myanmar and Mongla port in Bangladesh gives India significant influ...
- Arcelor-Nippon says India's plan for raw material curbs ignores Red Sea crisisArcelorMittal's India joint venture warned New Delhi that planned curbs on low ash metallurgical coke imports, crucial for steelmaking, cou...
- Panama Canal drought is a headache for global trade at ChristmasAfter the drought made the canal shallower, ships now have to lighten their loads. The result is fewer containers making the crossing per d...
- Port labour dispute shows options aren’t just for factoriesSupply chains feel much less chaotic today than they did even a year ago, but in the new post-Covid normal, those responsible for overseein...
- From Rupee depreciation and GST to India’s outward remittances - a look at top headlines dominating the Indian import sectorA look at some of the top headlines dominating global and domestic markets that could potentially impact the Indian import sector
- Global cargo market sags as softer economy points to gloomy ChristmasEven more spendthrift shoppers in China are tightening purse strings as the country's harsh COVID-19 curbs have slammed the economy.
- French container line CMA CGM expects shipping slowdown after another strong quarterCMA CGM said economic pressures were starting to be felt in shipping, cooling intense demand for ocean transport since the coronavirus pand...
- Container lines are set to smash year-old profit record by 73%Two years of economic disruptions have transformed an industry that carries about 80% of global merchandise trade from a perennial money lo...
- Global supply chain crisis flares up again where it all beganChina accounts for about 12% of global trade and Covid restrictions have idled factories and warehouses, slowed truck deliveries and exacer...
- Russian invasion of Ukraine adds to chaos for global supply chainsRussian invasion of Ukraine is putting at risk global supplies of products like platinum, aluminum, sunflower oil and steel, and shuttering...
- Fewer China flights may worsen chip shortage with port snarledThis year, shipping lines diverting container vessels from Ningbo to Shanghai to avoid a trucking snarl in east China are also contributing...
- Vanishing ships underscore supply woe: crisis peak is a mirageAs the year supply chains went haywire winds down, logistics experts are struggling to distinguish between the rays of real improvement and...
- LG India reports its highest ever quarterly revenue in Jan-Mar at Rs 5500 croreThe Korean firm said this would mean 56% growth in revenue over same period in 2020 when the government had also announced the nationwide l...
- Leading air-conditioner and refrigerator makers are expanding production capacityThe companies are forecasting a good year for both these products this summer after a washout 2020 due to lockdown and they also plan to ta...
- Surging shipping rates pose new headwind for the global economyJust a few weeks ago, the bottlenecks at ports from Singapore to Los Angeles and Rotterdam were looking like short-term headaches and added...
- Why should govt fear steel imports?Since the government is stepping up public investment in infrastructure, reduction in the cost of a vital building material like steel shou...
- 'Only in India have steel prices dipped recently'Steel secretary R S Pandeywas given the United Nations Public Services Award in New York in the last week of June.
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