
Crisil forecasts 5-7% revenue decline for Indian shipping firms
The sector is adjusting after a period of growth driven by geopolitical tensions, including the Russia-Ukraine war, and a surge in demand from China in

The sector is adjusting after a period of growth driven by geopolitical tensions, including the Russia-Ukraine war, and a surge in demand from China in

The decline in daily hire rates and reductions in time periods which has hit the small-sized carriers’ charter agreements is expected to take larger ones

A recessionary trend in the majority of the consumption economies that has pushed down the demand for discretionary goods will see container shipping charter rates

This is according to the HARPEX index produced by German shipbroker HARPER PETERSEN (HARPER PETERSEN Charter Rates Index), which reflects worldwide container ship charter market pricing based on actual

Ocean carriers have sucked dry the sale and purchase containership market, outbidding one another to acquire tonnage to insulate themselves from skyrocketing daily charter rates.

The sector is adjusting after a period of growth driven

The decline in daily hire rates and reductions in time

A recessionary trend in the majority of the consumption economies

This is according to the HARPEX index produced by German shipbroker HARPER PETERSEN (HARPER

Ocean carriers have sucked dry the sale and purchase containership