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Major global shipping lines report record rise in revenues during June quarter

Major global shipping lines report record rise in revenues during June quarter
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Germany , Tirupur , Tamil-nadu , India , Hamburg , United-states , Denmark , Singapore , Le-havre , Haute-normandie , France , Chennai

Major ports now have a new tariff setting authority - The Hindu BusinessLine

Major ports now have a new tariff setting authority - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

G-raghu-shankar , Board-of-port-authority , International-clearing , Major-ports-authority , Tariff-authority-for-major-ports , Tariff-authority , Major-ports , Port-authority , Major-ports-authority-bill , Reference-tariff-guidelines , Raghu-shankar , Executive-director

Ripple effect of Suez Canal blockage continues to impact shipping trade

Ripple effect of Suez Canal blockage continues to impact shipping trade
May 25, 2021
FILE PHOTO: Ship Ever Given, one of the world's largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021 - REUTERS
FILE PHOTO: Ship Ever Given, one of the world's largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021 - REUTERS×
Severe shortage of containers have pushed freight rates to an all-time high
It’s been two months since the Suez Canal blockage happened, but its impact continues to worry the shipping trade as severe shortage of containers have pushed freight rates to an all-time high to key markets like the US and Europe.

China , Vietnam , Republic-of , Suez-canal , As-suways , Egypt , Suez , Chennai , Tamil-nadu , India , Sanjay-lulla , G-raghu-shankar

Shortage of containers to linger | Hellenic Shipping News Worldwide

Shortage of containers to linger
The Covid-19 pandemic in 2020 derailed every sector, and the shipping industry was no exception. While many industries, including manufacturing, are slowly bouncing back, the shipping sector is still struggling with a severe shortage of containers affecting trade.
The fall in imports after the pandemic led to a huge imbalance in the demand and supply of containers, hitting the availability of containers for exports.
The trade that is mainly dependent on maritime transport is trying to cope with the continuing shortage, which led to the spiralling of freight costs and delays in shipments. In some sectors, freight rates increased by 100-200 per cent. Adding to the woes is the cancellation of scheduled vessels while the rescheduling of regular calls has created a demand for container slot allotments on vessels. This is affecting exports and is also leading to escalating freight cost.

China , New-york , United-states , India , Chennai , Tamil-nadu , Ennarasu-karunesan , Sanjay-lulla , G-raghu-shankar , Sm-lulla-industries-worldwide , Managing-partner , Industries-worldwide

Shortage of containers hits shipping trade - The Hindu BusinessLine

Soaring freight costs, demand-supply imbalance and shipment delays hit trade

China , New-york , United-states , India , Chennai , Tamil-nadu , Ennarasu-karunesan , Sanjay-lulla , G-raghu-shankar , Sm-lulla-industries-worldwide , Managing-partner , Industries-worldwide