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OCEAN FREIGHT RATES
DGFT invites applications for vehicle import quotas under India-UK FTAThe government of India has opened applications for importers seeking duty concessions under the India-UK trade pact. This initiative relat...- ‘Ocean freight rates will come down eventually, we have seen this before’: DP World COOGlobal ocean freight rates are predicted to decrease after a surge due to logistical disruptions from the US-Iran conflict. DP World rerout...
- India weighs new oil manoeuvre as old routes get jammedThe West Asia war has forced India to look at energy security through a new, different lens. The oil issue, for India, has now gone from be...
- Rising sulphur prices put fertiliser sector under pressure, threaten higher subsidy burdenLanded sulphur prices in India have doubled since January to around $1,050-1,100 a tonne, according to industry estimates.
- Maersk plans to expand fleet as CEO sees new era for shippingIn light of shifting shipping economics, Maersk is set to expand its container fleet, embracing market volatility as a path to increased pr...
- Asian ports snarled as El Niño fuels busy typhoon seasonThe shipping industry in Asia is grappling with unprecedented challenges as the typhoon season proves to be remarkably intense. Shanghai is...
- 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...
- 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...
- 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...
- 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 ...
- Container rates to US from Asia fall to lowest since JulyThe Federal Reserve’s Beige Book report noted that “high freight volumes continued to strain distribution systems,” and “contacts expected ...
- 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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