FREIGHT NEWS

Evolution and Upsizing of Container Vessels
Evolution and Upsizing of Container Vessels

The ubiquitous container has brought about a revolution in global trade, since its introduction in 1956 by Malcolm McLean.

How can businesses shield consumers from high freight rates?
How can businesses shield consumers from high freight rates?

Businesses worldwide are struggling with skyrocketing freight rates in the wake of the Covid-19 pandemic. What can they do to keep surging shipping costs from affecting customers?

Today on the transpacific: continued congestion and more blanked sailings
Today on the transpacific: continued congestion and more blanked sailings

Container lines are making determined efforts to get boxes back into position and to return to some schedule integrity – but it is unclear how likely they are to succeed.

Port of Oakland to become “smart and zero-emission”
Port of Oakland to become “smart and zero-emission”

Port of Oakland's executive director Danny Wan has unveiled plans to invest in a renewed, smart and zero-emissions port.

'Cracks' appear in Asia – Europe rates over uncertain outlook
'Cracks' appear in Asia – Europe rates over uncertain outlook

Ocean carriers fear that fiscal policies designed to stem inflationary pressures in Europe will weaken consumer appetite for non-essential goods, and are preparing to react quickly to adjust capacity.

11 Basic Components of Logistics Cost
11 Basic Components of Logistics Cost

Finding out how much it costs to manufacture a product and deliver it to the customer helps a business fix a price for the product. It also takes into account a reasonable profit margin over the total costs.

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.


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