Indian ports are making every effort to keep the country's supply chain intact in the face of rising COVID-19 cases, and both private and public sector terminal operators are contributing to the cause. The Indian government, which owns 12 major ports in the country, has been ensuring supply chain continuity by keeping the ports functional in the face of partial lockdowns across many states.   Many of the largest private ports in the country have taken extra steps to ensure the…

Tremendous changes in the shipping industry have occurred in recent years that have put immense pressure on ocean freight forwarders and set them to meet never before seen needs, from Covid-19 pandemic and its lock down to shortage of trucks that has also hit companies in major world cities, which have continued working through the lockdown, with chip giants struggling to secure trucks to ship out finished goods, to current regulations, uncertain markets, and changes in supply and demand.…

The rise container freight rates continues unabated as the sector continues to battle a capacity crunch, port congestion and supply chain disruption.   The Drewry composite World Container index increased 4% or $344 to $9,330.28 per feu as of 29 July, compared to a week earlier. At the end of June the index stood at $8,399.09 per feu, equating to a rise of close to $1,000 per feu over the last month.   It’s a similar picture for the Shanghai Containerized Freight Index…

The ships’ recycling market has sustained a halt over the past days, as a result of Ramadan holidays and the raging pandemic in India and large parts of Southeast Asia.