ISSUE OF CONTAINER SHORTAGE FINALLY EASING

ISSUE OF CONTAINER SHORTAGE FINALLY EASING

The world had been facing the greatest issue of container shortage at the ports after being hit by the Coronavirus. The problem made a huge impact on the imports and exports causing the delay in deliveries for over 3-7 days. There were times when ships had to steady...
Increase in Ocean Freight Costs

Increase in Ocean Freight Costs

There has been a huge increase in ocean freight costs in the last few months, which has resulted in many exporters facing losses in their business from various nations.  This upsurge in the freight cost has crossed the limit and has made it difficult for the exporters...
Trans Pacific Trade Contract Rates Increased

Trans Pacific Trade Contract Rates Increased

Trans-Pacific Trade Contract Rates Increased by 20 per cent.  Freight rates for annual ocean carrier contracts increased 20% in the trans-Pacific trade in recent negotiations conducted by the most significant US Importers. They are signing the contracts at about $2250...