The slated connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, alongside capacity additions by ports, is expected to drive growth in container volumes over the medium term, the ratings…
Over 7,000 miles away, vessels that move containers through Egypt’s Suez Canal are waiting for naval escorts or avoiding the passage altogether to take a much longer voyage around South Africa. Ship operators fear that…
SHIPPING LANES are under pressure. Seven of the world’s ten biggest shipping companies have suspended transit through the Red Sea, where the Houthis, a Yemeni rebel group, are attacking commercial vessels. As a result far…
With container costs surging by up to 400% and routes diverted around Africa, Indian exports face a double whammy of competitiveness loss and logistical nightmares. Exporters struggle to absorb these dramatic increases, while importers contend…
Rise of Somali Pirates: Soon after MV Ruen, a Malta-flagged merchant ship, was hijacked by pirates earlier this month in the Arabian Sea, there were concerns about the return of Somali pirates to international sea…
MUMBAI : Indian exporters are staring at a rise in shipping costs as freight lines are forced to avoid the Suez Canal and take a longer route around Africa to reach the West following tensions…