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OCEAN FREIGHT CARRIERS
Maersk boosts outlook on stronger-than-expected container demandGlobal shipping giant Maersk expects the container market to remain strong throughout 2024, with container volumes now projected to grow by...- West Asia conflict may delay India's chip projectsIndia's ambitious semiconductor projects, including Tata Electronics' Dholera fab, face potential delays due to the West Asia conflict. Log...
- Saving supply chains from climate shocks is a lure for investorsCompanies are increasingly focused on supply chain resilience. This trend is expected to continue, offering new opportunities and protectin...
- No happy hour yet: Alcohol makers flag cost shock, seek state price hikeAlcoholic beverage makers are urging state governments for price increases. Rising costs for cans and bottles are impacting production. Sup...
- India Inc ramps up exports as Iran ceasefire reopens Middle East tradeIndian businesses are seizing opportunities after the Iran war ceasefire. Exports are resuming, and factories are returning to full capacit...
- Air freight rates soar as Middle East conflict blocks trade routesAir cargo costs are soaring by up to 70% on some routes. A conflict in the Middle East is disrupting flights and blocking sea shipments. Th...
- Ocean freight carriers are ripe to compete in the airA.P. Moller-Maersk and CMA CGM are expanding into air freight by acquiring new Boeing and Airbus aircraft. The companies aim to diversify t...
- IBS Software acquires AFLS, enters air and ocean freight sectorV K Mathews, Executive Chairman of IBS Software, termed the acquisition as a "strategically important milestone" for his company's cargo an...
- Maersk, MSC to end shipping alliance as strategies divergeIn recent years, both Maersk and MSC have pursued growth in land-based transport and air freight where profit margins for end-to-end servic...
- Exporters may have great festive season amid withdrawal of GST exemption on outbound international freightThe pandemic resulted in severe supply disruption across the globe, and as result the freight rates are much higher today than it was durin...
- World’s largest ocean freight carrier launches air-cargo businessThe new business will led by Jannie Davel, a former managing director of cargo at Delta Air Lines Inc. who has also worked at Emirates and ...
- Maersk launches air cargo in response to customers needsThe new air freight company is the result of the existing in-house aircraft operator, Star Air, which has transferred activities into Maers...
- Container shipping giant freezes spot rates amid trade chaosGlobal supply chains, with container shipping as their backbone, are struggling to keep pace with the demand for goods and overcome labor d...
- Freightify announces $2.5 million funding from Tradeworks VC, Venture Catalysts, othersFreightify aims to make it easier for small and mid-size freight forwarders with little to no technology expertise to set up an online stor...
- Container crunch means it pays more to sail empty to AsiaThe pandemic shuttered economic activity in its initial phase earlier this year, prompting shipping companies to respond by cutting voyages...
- Online freight exchange Cogoport to expand overseas operationsThe company wants to achieve scale and trigger revenue streams which will be largely from our suppliers’ commission, commission from banks ...
- FedEx launches ocean freight service between India and USGlobal cargo company FedEx today launched a specialised ocean freight service between India and the United States.
- ‘Vessel supply will outpace cargo demand through 2011’Ocean container carriers face overcapacity for at least another 12 months as the supply of new ships outpaces slowing cargo demand, an indu...
- Essar Shipping hits 5% upper circuitShares of Essar Shipping and Logistic Ltd on Thursday hit the upper circuit after an increase in freight rates of very large crude carriers.
- Ocean freight rates may keep sinkingFall in ocean freight rates are expected to continue unabated at least for the next one year.
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