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March 22, 2022
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 ...
February 25, 2022
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 ...
February 8, 2022
Frequently compared to 80s alt-rock counterparts R.E.M., Tragically Hip spent more than three decades together recording numerous genre-defining albums.
December 24, 2021
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 ...
December 17, 2021
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 ...
December 17, 2021
Can container freight futures offer an antidote for supply chain blues? The Baltic Exchange, which pioneered indexation and transacting of drybulk freight futures in the 1980s, has announced that trading...
December 10, 2021
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. ...
December 4, 2021
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 ...
November 26, 2021
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 ...
November 23, 2021
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 ...