CARGO RATES

This round of supply-chain difficulties originates with the threat from Yemen’s Houthis, which is keeping container ships from using their normal route from Asia to Europe through the Suez Canal.

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Rates from Shanghai to Los Angeles have risen for seven weeks, reflecting the balance of supply and demand in the container market.

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Inflation is easing globally except for soaring cargo costs on high seas, with spot rates for shipping containers to US and Europe tripling since 2023 due to Red Sea attacks.

Gautam Adani-led Adani Ports & Special Economic Zone Ltd (APSEZ) has received the key environmental and coastal regulation zone approval from the Centre to more than double the capacity of its flagship port located at Mundra to 514 million tonnes wi...

Global goods trade is rebounding, boosting shipping rates and triggering memories of past disruptions for supply-chain managers.

CMA CGM SA anticipates lower ocean freight rates as new vessel deliveries boost capacity impacted by ship diversions to avoid the Red Sea conflict.

The slated connection of the dedicated freight corridor to Jawaharlal Nehru Port in FY26, along with capacity additions by ports, is expected to drive growth in container volume over the medium term, it added.

Combining the numbers of Long Beach and neighbouring port of Los Angeles, the container volumes are seeing a 23% jump in first quarter y-o-y, as per Mario Cordero, CEO of Port of Long Beach.

Indian exporters seek priority shipment for MSMEs at Delhi Airport due to delays caused by Bangladesh transhipment, leading to quadrupled air freight costs. Requests made to suspend transshipment facility for Bangladesh cargo.

Since late last year, the Houthis have been attacking ships in the Red Sea, which cargo vessels from Asia have to travel through to reach the Suez Canal.

The Houthi attacks on ships have forced many Indian businesses to turn to air cargo to move their goods. This rise in demand and limited capacity has made air freight more expensive, causing troubles on multiple fronts.

Fallout from last week’s deadly bridge collapse, which indefinitely closed the nation’s 17th-largest port by total cargo tonnage and the busiest gateway for vehicles, is expected to be largely contained as neighboring facilities with spare capacity ...

As local, state and federal officials focus on rescue efforts and wouldn’t speculate on how long the nation’s busiest automobile port might stay closed, logistics experts and economists started to assess the fallout.

After the container ship Dali hit the bridge and brought it down early Tuesday, ship traffic entering and leaving the Port of Baltimore was suspended indefinitely. That will require rerouting vessels or their cargo to other ports, potentially causin...

LNG importers Gail, Gujarat State Petroleum Corporation (GSPC), Torrent Gas, Bharat Petroleum Corp (BPCL) and Indian Oil Corp (IOC), among others, are buying spot cargoes as the Asia spot LNG price has fallen between $8.3 and $9 per million British ...

With robust volume driven by consistent markets share gains, the company recorded its strongest nine month performance in FY24, with the highest-ever revenue, EBITDA, and cargo volumes till date.