Container freight rates out of India on major trades see gains as capacity...
Container freight rates on trades out of India have begun to rebound after recent downward corrections from the Red Sea crisis-linked highs, according to an analysis of market data. On the westbound...
View ArticleIndian importers turning to bulkers as box line capacity falters
Indian importers, struggling to find space on containerships out of China amid deteriorating supply-demand mismatch – are increasingly turning to breakbulk services to keep their supply chains as...
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Hapag-Lloyd updates California Central Express service
Hapag-Lloyd announced that the California Central America Express (CCE) service, which connects the West Coast of the United States and Mexico with the West Coast of Central America, will have an...
View ArticleCMA CGM announces PSS updates
CMA CGM has announced a Peak Season Surcharge (PSS) effective from 1 July 2024 (loading date) until further notice. Originating from China, Taiwan, Hong Kong, and Macau SAR to Mombasa, Kenya, and Dar...
View ArticleHapag-Lloyd increases rates worldwide
Hapag-Lloyd announced that a General Rate Increase (GRI) will be implemented for all cargo in dry and reefer containers from the South America East Coast to North America, Mexico, Central America, and...
View ArticleIndia’s exports poised to surpass $800 billion in FY25 amid global challenges
India’s goods and services exports are expected to exceed $800 billion in FY25, marking a 3% increase from the previous fiscal year, according to Commerce and Industry Minister Piyush Goyal on...
View ArticleRotterdam’s secure chain for containers from Africa, Middle East, India, and...
The Port of Rotterdam has announced that beginning 1 October 2024, container cargo from Africa, the Middle East, India and Pakistan will be collected only via the Secure Chain. Starting from that date,...
View ArticleIndian govt extends Interest Equalization scheme for 2 months
India has extended the Interest Equalization Scheme (IES) for pre- and post-shipment rupee export credit for the next two months. The scheme was originally set to end on June 30, 2024. According to...
View ArticleIndia plans INR 22 lakh crore highway expansion to boost trade and reduce costs
The Indian government is embarking on a major infrastructure project with an INR 22 lakh crore investment in a new highway development plan. This ambitious project aims to construct and upgrade a...
View ArticleWilson firms up eight bulker newbuilds in India
Norway’s Wilson has expanded its newbuilding programme with eight more energy-efficient bulkers in a deal worth about $132m. The mini-bulker giant, controlled by shipowner Kristian Eidesvik and his...
View ArticleMangaluru Airport: No solution in sight for direct cargo export
Despite having an international airport, products from Dakshina Kannada and Udupi regions must route through Bengaluru, Mumbai, New Delhi, or Kolkata for exports to international destinations. Direct...
View ArticleDP World Mundra welcomes the maiden call of South East Asia-Western...
DP World, a leading global provider of smart end-to-end supply chain solutions, welcomed the inaugural voyage of a new weekly mainline service, connecting South East Asia, India and Middle East at DP...
View ArticleDFCCIL to Issue RFQs for 20 Gati Shakti Cargo Terminals in 2024
The Dedicated Freight Corridor Corporation of India Limited (DFCCIL) has announced plans to float Requests for Qualification (RFQs) for the establishment of 20 Gati Shakti cargo terminals in 2024. This...
View ArticleIndia stands 38th in the Logistics Performance Index: Director General of...
India stands 38th in the Logistics Performance Index, said Shyam Jagannathan, Director General of Shipping, Ministry of Ports, Shipping, and Waterways, while speaking at the AMET Global Maritime...
View ArticleAir India selects IBS Software’s iCargo for expansion
Air India has selected IBS Software, provider of SaaS solutions for the travel and transport industry, to digitally transform its expanding air cargo operations. Air India has chosen IBS Software’s...
View ArticleMSC adjusts Gulf to SAEC String 1 service
Mediterranean Shipping Company (MSC) has opted to extend the omission of Mobile, Navegantes, and Salvador up to Monte Pascoal to maintain schedule reliability. MSC noted that it will alternate...
View ArticleCMA CGM applies new Indian Subcontinent FAK rates
French ocean carrier CMA CGM announced updated Freight All Kinds (FAK) rates from the Indian Subcontinent to several destinations worldwide applicable from 15 July 2024 (gate-in date) until further...
View ArticleVizhinjam seaport gets its location code
The Vizhinjam International Seaport here has received its location code, a key milestone towards the commencement of its operations as a major transshipment hub, the company managing it said on...
View ArticleAdani Ports given extension for dredging activities in Kerala harbour
Kerala Port Minister V N Vasavan on Tuesday said Adani Ports has been given an extension to complete the dredging activities in the navigation channel of nearby Muthalappozhi harbour, which has been...
View ArticleIndia’s exim trade totters on freight hike, congestion, container shortage
Sources in the shipping sector said the global port congestion has reached a 18-month high with long lines of ships waiting for berths in transhipment ports, hindering timely deliveries. Mahadevan...
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