As per information from carriers, most of their August vessels are going full. Rates are increasing every fortnight due to serious space constraints and congestion at transshipment ports. S/lines adding RRI/PSS every week resulting huge increase in rates. What caused...
Increase in Air Freight Rates Due to COVID-19, many things have taken a different turn. This caused different impacts globally including the cost of shipping goods and exports taking a high hit in the rates. The exports take place through three major modes: Train,...
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...
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...
The trans-Pacific trades will announce the low-sulfur fuel oil surcharges on shippers next month as they phase compliant vessels into their fleets in order to meet the International Maritime Organization’s LSFO requirements taking effect January 1. They intend...
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...
