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Black Sea route choked: India to explore alternative shipping routes for exports to CIS

With the Black Sea route choked by the Russia-Ukraine conflict, India is weighing a raft of options–including trade through the strategically important Chabahar Port in Iran–to beat shipping snarls and export goods to the Commonwealth of Independent States (CIS). At stake are New Delhi’s annual despatches of about $4-4.5 billion to these nations. Official and ...
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Russia-Ukraine crisis: Exporters fear fresh spike in shipping costs | Hellenic Shipping News Worldwide

Russia’s military action in Ukraine has threatened to further drive up the already-elevated global shipping costs and exacerbate supply-side challenges, exporters told FE. If the conflict lingers on, it can potentially jeopardise prospects of international trade and slow down the pace of India’s export growth, unless the government steps in to soften the blow, some ...
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Drewry: World Container Index 119% Higher Than a Year Ago | Hellenic Shipping News Worldwide

Drewry’s composite World Container Index increased marginally to $9,304.05 per 40ft container this week. Our detailed assessment for Thursday, 23 December 2021 • The composite index increased marginally this week, and, remains 119% higher than a year ago. • The average composite index of the WCI, assessed by Drewry for year-to-date, is $7,555 per 40ft ...
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Drewry: World Container Index 168% Higher Than a Year Ago | Hellenic Shipping News Worldwide

Drewry’s composite World Container Index increased marginally to $9,292.39 per 40ft container this week. Our detailed assessment for Thursday, 16 December 2021 • The composite index increased marginally this week, and, remains 169% higher than a year ago. • The average composite index of the WCI, assessed by Drewry for year-to-date, is $7,520 per 40ft ...
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Drewry: World Container Index Up 2.3% in the Week, 170% Higher Than a Year Ago | Hellenic Shipping News Worldwide

Our detailed assessment for Thursday, 9 December 2021 • The composite index increased 2.3% this week, and, remains 170% higher than a year ago. • The average composite index of the WCI, assessed by Drewry for year-to-date, is $7,484 per 40ft container, which is $4,745 higher than the five-year average of $2,739 per 40ft container. ...
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Drewry: World Container Index Down 1.5% This Week, 196% Higher Than a Year Ago | Hellenic Shipping News Worldwide

Drewry’s composite World Container index decreased by 1.5% to $9,050.77 per 40ft container this week. Our detailed assessment for Thursday, 2 December 2021 • The composite index decreased 1.5% this week, but remains 196% higher than a year ago. • The average composite index of the WCI, assessed by Drewry for year-to-date, is $7,447 per ...
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Drewry: World Container Index Steady This Week, 224% Higher Than a Year Ago | Hellenic Shipping News Worldwide

Drewry’s composite World Container index remained steady at $9,186.39 per 40ft container this week. Our detailed assessment for Thursday, 25 November 2021 • The composite index remained stable this week, but remains 224% higher than a year ago. • The average composite index of the WCI, assessed by Drewry for year-to-date, is $7,413 per 40ft ...
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Surging freight rates push up import prices while shippers book profits

Rising freight rates are threatening to push up global import prices by 11% by 2023, according to a UN report, as shipping lines post record profits for the third quarter. High freight prices, if sustained, will have a knock-on effect on import and consumer price levels, according to research by the United Nations Conference on ...
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