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OCEAN FREIGHT RATES
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...- Fishermen are being pushed to the brink by fuel costs in Southeast AsiaRising energy, freight, and supply chain expenses are escalating seafood prices globally. Governments offer aid, but it's stretched thin, i...
- 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...
- These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analystsAs far as India is concerned, the biggest pain point from the US-Iran war in the Gulf region has been the spike in the prices of not only o...
- Global Market: BOJ faces policy dilemma as inflation eases but energy risks persistJapan’s core inflation slipped below the Bank of Japan’s 2% target for a second straight month in March, as subsidies and easing food price...
- Iran-US war pushes polymer, resin prices up 60%; plastics exporters squeezed despite ceasefireFreight rates jump up to 10x, polymer prices rise 60%, while supply disruptions and supply chain delays strain MSMEs and the sector's expor...
- 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...
- Iran war: Indian seafood exporters stare at Rs 1,500 crore lossSustained disruption could destabilise the coastal economy and weaken India’s export competitiveness, say experts and stakeholders
- 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...
- Commerce, shipping ministries to discuss trade and shipping-related tax issues tomorrowOfficials from Commerce, Industry, and Finance ministries, along with shipping and industry stakeholders, are to meet on Friday to discuss ...
- Freight market pendulum swings back toward normalIn the meantime, as per maritime research firm Drewry, global average ocean freight rates for a 40-foot container have jumped for five week...
- Ship emission norms, war in Europe & demand slowdown cloud predictability of ocean freight rates: DB SchenkerAs disruptions become more frequent and widespread, supply chains will have to be more flexible, agile, and have back up plans to cater to ...
- 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...
- Air cargo to climb into mid-2022 amid shipping delays, DHL saysAirfreight rates to North America from Hong Kong have risen as much as 24% this year after more than doubling in 2020, as the Covid-19 pand...
- CII, EEPC worried over hurdles faced by engineering exporters"Engineering exporters are going through one of the most turbulent and trying times. Out of India's total merchandise export of $320 billio...
- 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.
- Container ship deliveries to hit record in JulyDeliveries of new containerships will hit a record monthly high of 200,000 20-foot equivalent units (TEUs) in July, extending a year long i...
- 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.
- Rising freight tide to add to costly wheat tagThe State Trading Corporation of India’s tender calling quotes for an unspecified quantity of wheat.
- 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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