NEWS

Yantian terminal restricts intake of export-bound containers
Yantian terminal restricts intake of export-bound containers

Yantian International Container Terminal (YICT) in China’s Shenzhen Port is taking in export-bound containers with an estimated berthing time of four days, as containers are accumulating in its yard as a result of disrupted shipping schedules.

Indian importers continually receive taxmen notices to pay ocean freight taxes, but cases remain pending
Indian importers continually receive taxmen notices to pay ocean freight taxes, but cases remain pending

Despite a number of cases on imposition of integrated goods and services tax (IGST) on ocean freight in case of imports remained pending in various courts, Indian taxmen have started a fresh push to realise such tax, prompting hue and cry by shippers.

Freight rates, box prices continue to rise
Freight rates, box prices continue to rise

Not a happy start to the New Year for exporters and freight forwarders in India and Asia as the volatility of spot rates and contract rates continues to spill over in 2022.

What is Integrated Logistics Management?
What is Integrated Logistics Management?

The logistics industry consists of several key players who ensure the smooth flow of raw materials, components, and finished goods.

Key Performance Indicators (KPI) in Logistics
Key Performance Indicators (KPI) in Logistics

How do corporate executives and company managers decide upon their organization’s achievements? An informed and well-balanced decision-making is crucial for each company as it moves towards its strategic, operational, and financial goals. Without measuring its progress and comparing it with those of similar organizations, any organization would lose its focus and soon lose out to competitors.

CMA CGM to push up South America rates
CMA CGM to push up South America rates

After four months of pausing increases in freight rates, CMA CGM has now announced fresh push-ups take will take effect on 15 February and will be applied in shipments to and from the East Coast of South America.

Ningbo port remains open but land transportation becomes tricky
Ningbo port remains open but land transportation becomes tricky

Ningbo-Zhoushan, China’s second busiest container port is still open for business as the country battles another wave of Covid-19 infections, but the drive to keep out the disease has slowed trucking logistics.

MSC to push up Oceania – Europe rates
MSC to push up Oceania – Europe rates

Mediterranean Shipping Company (MSC) has announced the implementation of new Freight All Kinds (FAK) rate increases that will be applied from Oceania to Europe.


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