CONTAINER SHIPPING LINES ASSOCIATION
Spike in maritime shipping rates is no pandemic flashback
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.
South Africa's broken ports: World no. 2 citrus export industry under threat
South African citrus farms face export issues due to Transnet SOC Ltd's inefficiencies, causing reliance on trucking to Durban.
Trade routes in turmoil: Why Indian exports are piling up in Colombo and Singapore
About 75% of India's transshipped cargo is handled at ports outside India, and the major trade routes connecting India to various destinations, including Colombo, Singapore, and Port Klang, are currently experiencing strain.
Budget 2024: 25% share by Indian liners could save $50 billion annually, says FIEO
Key export-related demands included creating an Indian shipping line, duty cuts, and extending credit schemes. Nasscom pushed for favorable policies like transfer pricing rules and deep tech clarity, with officials present to address concerns.
Container rate surge enters longest stretch since the pandemic
Rates from Shanghai to Los Angeles have risen for seven weeks, reflecting the balance of supply and demand in the container market.
Singapore port logjam lingers as container ships keep piling in
The logjam at Singapore's container port, accelerated by Red Sea attacks and Houthi rebels targeting vessels, is causing an early peak season for the shipping sector.
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Cabinet approves Rs 76,220 crore Vadhavan port
The Union Cabinet approved India's 13th Major Port at Vadhavan in Maharashtra worth Rs 76,220 crores. The project will create additional capacity and operate on a 'landlord model' under a PPP model.
Panama Canal averts shipping crisis with its water plan — and some luck
The Panama Canal avoided a shipping crisis by managing water carefully. During a drought, vessel crossings were limited, but now the limit has been raised, reducing wait times.
Allcargo Logistics arm partners with ShipBob for ocean, air freight services
ECU Worldwide, a subsidiary of Allcargo Logistics, partners with ShipBob to offer freight services globally through FreightBob program, enhancing e-commerce inventory management with ECU360 tech-driven platform.
Singapore port container logjam worsens as ships avoid Red Sea
Singapore's port faces congestion due to vessel diversions to avoid Red Sea attacks by Houthi rebels, impacting global supply chains and causing delays in goods delivery.
Missile attacks by Yemen's Houthi rebels strike 2 ships in the Gulf of Aden, US military says
Yemen's Houthi rebels launched missile attacks on two ships in the Gulf of Aden. The first target was the Antigua- and Barbuda-flagged cargo ship Norderney, which was hit by two anti-ship ballistic cruise missiles, causing a fire that was extinguished by the crew. The second target was the Liberian-flagged, Swiss-owned container ship Tavvishi, which sustained damage but continued its journey. A coalition warship intercepted a second missile aimed at the Tavvishi.
Container shortage is shipping’s Achilles’ heel
An initial surge in freight prices — prompted by ships taking the much longer route around the Cape of Good Hope — petered out in March, yet prices have now surged even higher.
Escalating emissions: How Red Sea disruptions are driving up carbon emissions
Many companies had already revamped their supply chains as they navigated COVID-19 disruptions, extreme weather risks, trade protectionism that forced them to change suppliers, and rising freight costs.
Trade strains boost cargo rates at pace recalling Covid ‘chaos’
Global goods trade is rebounding, boosting shipping rates and triggering memories of past disruptions for supply-chain managers.
Largest container ship to arrive in India docks at Adani's Mundra Port
Ports and Special Economic Zone Ltd (APSEZ)'s flagship Mundra Port created a milestone by welcoming the largest container ship ever to call at an Indian port after the MSC Anna vessel docked at the Mundra Port on Sunday, the conglomerate said in a press release.
A Mumbai firm finds a way to reduce container turnaround time from 34 days to 2 days
Backed by Zerodha founders, MatchLog Solutions has found an answer to an issue that has haunted transporters for years.
Red Sea crisis driving up cost of white goods
The Red Sea conflict is causing a shortage of shipping containers, leading to challenges like contract cancellations due to the force majeure clause. Shipping lines are adjusting to the situation post the financial year closure.
French shipping giant expects slump in cargo rates
CMA CGM SA anticipates lower ocean freight rates as new vessel deliveries boost capacity impacted by ship diversions to avoid the Red Sea conflict.
Container volume likely to grow 8 pc to 342 million tonnes this fiscal: Report
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.
The high price of slow lanes: How transport networks can make or mar the success of manufacturing hotspots
With India increasing the focus on exports, manufacturing hubs in the hinterlands have started playing a bigger role in powering the growth engine. However, these regions continue to face connectivity problems that make it difficult for traders to competitively price the goods in export markets.
Maersk says expanded Houthi attacks are forcing more delays
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.
Likely attack by Yemen's Houthi rebels targets a vessel in the Red Sea
Yemen's Houthi rebels are suspected of attacking a vessel in the Red Sea near Mokha, Yemen, in their latest assault on international shipping. The attack, not immediately acknowledged by the Houthis, prompted the UK Maritime Trade Operations center to issue a cautionary notice. The rebels claim their attacks aim to pressure Israel to end its conflict with Hamas, despite a recent decline in attacks due to a U.S.-led airstrike campaign in Yemen. The rebels recently claimed to have shot down a U.S. MQ-9 Reaper drone.
As tensions mount in Red Sea, freight charges, insurance premiums may surge further
Heightened tensions between Iran and Israel are expected to increase freight charges and insurance premiums for shipping vessels on global routes. Ships bound for western European countries and the US are particularly at risk. Freight rates have already risen by about $100 per container for ships going through the Red Sea due to disruptions and capacity constraints. War risk insurance premiums, which were previously around 0.05% of the insured value of the vessel, have now increased to between 0.75% and 1%.
Iran's Revolutionary Guard seizes a container ship near Strait of Hormuz amid tensions with Israel
Iran's Revolutionary Guard commandos seized a container ship near the Strait of Hormuz, a move attributed to Iran amid growing tensions between Tehran and the West. The incident occurred in the Gulf of Oman off Fujairah.
Salvage crews have begun removing containers from the ship that collapsed Baltimore's Key bridge
Salvage crews in Baltimore work to remove containers from the Dali cargo ship stuck under the Francis Scott Key Bridge. Efforts involve salvage divers, cranes, and coordination from the White House to restore port capacity by May 31.
Baltimore bridge collapse and port closure send companies scrambling to reroute cargo
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 causing congestion and delays for importers, said Judah Levine, head of research for the global freight booking platform Freightos.
Red Sea crisis puts spotlight on building an Indian shipping line. But can it really help?
Trade experts expect tangible gains only over a long term, with both threats and opportunities being present if India looks at developing a shipping line of global repute.
Red Sea turmoil sends economic shockwaves far and wide
With sailors demanding double pay and insurance rates skyrocketing, shipping lines are steering clear of a waterway that normally carries 12% of the world’s seaborne trade.
Maersk, Hapag-Lloyd team up in shakeup of ship alliances
The announcement from Copenhagen-based Maersk and Hapag-Lloyd of Hamburg, Germany, marks another retooling of the world’s three major shipping alliances.
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