Page 4 - Shipping

Shipping costs soar as Russian fallout overpowers global fuel flows

The Russian invasion has exacerbated a tightening of energy markets, upending trade flows and forcing buyers to scour the world for alternative fuel supplies

Shortage of empty containers in Asia may get worse on Rotterdam jam

Empty container boxes crucial are getting stuck in the port of Rotterdam as a growing backlog of undelivered goods at Europe's export hub forces ocean carriers to prioritise shipments of filled boxes

Sagarmala project pipeline doubles to 1,537, cost rises to Rs 6.5 trillion

The ports ministry is currently working on a national perspective plan for development of 11 coastal economic zones (CEZ) across the country

Several exporters get pending payments for shipments made to Russia

Several exporters have received pending payments for shipments made to Russia before February 24 -- the day Russia-Ukraine conflict began

Crisis in Ukraine impacts global shipping industry

The shortage of skilled personnel at the middle and senior levels can hamper the operations of the shipping lines

BPO, shipping lead Feb 2022 hiring activity: Monster Employment Index

Monthly uptick of 3% in hiring activity over January 2022

2021, the year that was: 'Glocal' pandemic shocks, just as demand revived

The third of the year-ender series focuses on how Indian businesses suffered two global supply dislocations

Govt's new PPP port guidelines link tariffs to market-determined rates

The move will provide level playing field to PPP concessionaires at major ports and help them compete with private ports

Shipping rate surge threatens global economic recovery, says UNCTAD

A surge in demand for consumer goods during the pandemic has created major supply bottlenecks around the world, which has impacted the supply of container ships and boxes to transport cargo

Why crisis for exporters could turn out to be a boon for shipping industry

Shipping companies counter that their costs have soared as well

SME Chatroom: Duty drawback permitted on FOB value without bank charges

Agency commission and foreign bank charges, separately or jointly, exceeding this limit should be deducted from the FOB value for granting duty drawback, the CBIC says

Safesea Group gets approval to bid for Shipping Corporation of India

The findings by intermediaries revealed that the pending dues, for which a dispute was ongoing, were acknowledged by Shipping Corporation of India

Double whammy for food buyers as freight costs spike amid high grain prices

Rising costs to ship crops globally are adding to concerns about food inflation that are already at decade-highs and hitting cost-sensitive consumers in import-dependent markets

Pandemic chaos kills 1,800 cows on ship, fuels calls for animal ban

Coronavirus has worsened conditions for the roughly 2 billion animals exported each year, prompting demands for reform.

Suez Canal to seek over $1bn compensation for losses caused by stuck ship

Egypt's Suez Canal Authority (SCA) said that it will seek over $1 billion in compensation for the losses caused by the massive container ship which had blocked the vital waterway since March 23

The Suez Canal crisis is over, now it's time to add up the damages

Delays are adding to pressures on fragile global supply chains

Suez Canal races to clear backlog as shipping convoys resume

ISMAILIA, Egypt (Reuters) - The Suez Canal expects 140 ships to pass on Tuesday after the freeing of a container ship stranded for nearly a week allowed it to reopen, but disruptions to global shipping and at ports could take months to resolve, experts warned.

Probe underway, a day after cargo ship freed in Egypt's Suez Canal

Experts boarded a colossal container ship that had been stuck for nearly a week in the Suez Canal before it was freed as questions swirled about the grounding that shook the global shipping industry

Traffic in Egypt's Suez Canal resumes after stranded ship refloated

With the 400-metre-long (430-yard) Ever Given dislodged, 113 ships were expected to transit the canal in both directions by early Tuesday morning, Suez Canal Authority (SCA) chairman Osama Rabie said

Egypt's Suez Canal blockage adds to pressure points in global trade

Delays in freeing a mammoth container ship stuck in Egypt's Suez Canal have highlighted still more pressure points in global trade, a year after supply chains were disrupted by the pandemic