INDIAN EXPORTERS FACE NEW TAX BURDEN AS FREIGHT RATES MODERATE
Indian exporters – now relieved to see some moderation in sky-high freight rate levels amid slowing volumes – have a new cost burden to deal with: a government tax levy.
Indian exporters – now relieved to see some moderation in sky-high freight rate levels amid slowing volumes – have a new cost burden to deal with: a government tax levy.
Maersk-owned global port and terminal operator APM Terminals and Aqaba Development Cooperation signed a Memorandum of Understanding (MoU) for a 15-year extension of their partnership in the Aqaba Container Terminal (ACT) in Jordan.
French ocean carrier CMA CGM has announced a new peak season surcharge (PSS) from the United States East Coast (USEC) and Gulf to West Africa.
Maersk's subsidiary specialised on Intra-European logistics, Sealand will launch a new rail product from Spain to the United Kingdom, designed for temperature-sensitive cargo like fruits and vegetables.
Chinese container ports have seen a 4.1% increase in the period January-August 2022, compared with the same months last year, with 194.4 million TEU.
French ocean carrier CMA CGM has announced fresh peak season surcharges (PSS), effective from 1 October until 31 December, from the United States to Latin America and the Caribbean.
The world's largest container shipping company, MSC Mediterranean Shipping Company SA aims to enter the air freight market, starting the development of a new MSC Air Cargo solution.
Ningbo port, is now on “yellow alert” after some Covid-19 cases were found. If Ningbo port, which was locked down last August, is locked down again, and with Shanghai continuing to be closed off for the third week, logistical bottlenecks will be further exacerbated.
Congestion at some airports, notably Amsterdam (Netherlands) and Chicago O'Hare (USA) has eased, but there are still major problems releasing cargo from Monday to Friday in week.