FREIGHT NEWS

Four new container vessels in Chittagong-Colombo route to lessen export backlog
Four new container vessels in Chittagong-Colombo route to lessen export backlog

The Chittagong Port Authority (CPA) has approved plying of four new feeder vessels in Chittagong-Colombo route in a bid to lessen the mounting export cargo backlog at the inland container depots (ICDs).

CMA CGM announces new surcharges worldwide
CMA CGM announces new surcharges worldwide

CMA CGM has published several new peak season surcharges (PSS) across the world, which will be effective from late July and August.

Import containers to be fumigated as Australia enforces Khapra beetle rules
Import containers to be fumigated as Australia enforces Khapra beetle rules

Regulations requiring import containers from 40 countries across Europe, Asia, the Middle East and Africa to be fumigated to prevent the migration of Khapra beetles into Australia will be enforced from today.

India: Shortage Of Shipping Containers Again Threatens Exporters
India: Shortage Of Shipping Containers Again Threatens Exporters

The rising shortage of containers and sky-high freight rates are threatening Indian exports that had risen to a record in the first quarter of FY22. After attaining crisis proportions earlier in 2021, shipping containers are short of supply, increasing the logistics costs for the exporters and making the businesses uncompetitive.

MAERSK TARGETS TRANSPACIFIC PREMIUM MARKET WITH EXTRA STANDALONE SERVICES
MAERSK TARGETS TRANSPACIFIC PREMIUM MARKET WITH EXTRA STANDALONE SERVICES

Maersk will launch two new weekly services on the transpacific in August to operate “exclusively” outside its 2M alliance with MSC and Zim slot charter partnership.

CMA CGM INCREASES ASIA CHARGES
CMA CGM INCREASES ASIA CHARGES

CMA CGM has announced several peak season surcharges (PSS) from India and Pakistan to Latin America, effective from late June and July.

U.S. TRADE DEFICIT INCREASED TO SECOND BIGGEST ON RECORD IN MAY
U.S. TRADE DEFICIT INCREASED TO SECOND BIGGEST ON RECORD IN MAY

The U.S. trade gap widened in May to the second-largest on record as imports increased faster than exports.

BUSINESSES ARE WORRIED INTERNATIONAL FREIGHT RATES WILL CONTINUE TO INCREASE
BUSINESSES ARE WORRIED INTERNATIONAL FREIGHT RATES WILL CONTINUE TO INCREASE

While facing difficulties due to the impact of the Covid-19 pandemic, import-export and logistics businesses are worried international freight rates will continue to increase.


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