Region’s exporters short of containers
Red Sea attacks, disruption of train services in Punjab to blame. Exporters in the northern region, especially Punjab, Himachal Pradesh and Jammu and Kashmir, are... Key Points
The Tribune IndiaShipping, allied industries battle choppy waters as margins sink
As things stand, freight rates in key transit routes have declined over the past 3-4 months to as much as just a quarter of what they averaged a couple of years ago due to lower consumption in western markets amid global economic headwinds. With that, containers have piled up at Indian ports, resulting in a reversal of the situation from just a year ago when shippers were running from pillar to post to get their hands on empty containers. Key Points
Economic TimesHigher freight costs, container import dependence hurt India’s exports: GTRI
India needs to boost container production, promote domestic use, strengthen shipping firms, and enhance port infrastructure. High freight costs, container shortages, and reliance on foreign carriers challenge exports. Domestic shipping handles only 5-10% of trade volume, with heavy dependence on Chinese containers making India vulnerable to supply disruptions. Key Points
Economic TimesCooking freezer meals for new parents is the best gift: how I do it.
The best freezer meals for new parents are easy to defrost and reheat. Cooking for them is a unique gift idea that truly helps in those early weeks. Key Points
InsiderRed Sea shipping pause: Industry sees 30% rise in costs, 2-week delay
Sector watchers said that the alternate route between Europe and Asia through the Cape of Good Hope will take two-three weeks more, depending on where the consignment is to be delivered. This is likely to result in containers being held up in transit for longer and freight prices firming up. Key Points
Economic Times