Allcargo Logistics plans to cut costs by $30M in FY24 amid global slowdown
The company is also spending $100 million (Rs.830Cr) on a complete digital transformation including upgrading its cyber security structure. The company also aims to raise
The company is also spending $100 million (Rs.830Cr) on a complete digital transformation including upgrading its cyber security structure. The company also aims to raise
The cost of shipping goods has again grown significantly as freight giants continue to avoid the key Red Sea route and unions expand protections for
Chartering costs for a so-called Suezmax, the largest class of oil tanker that can pass through the Suez Canal with its tanks full, soared as
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
Latest data from shipping analysis firm Xeneta shows spot rates in the ocean freight shipping market spiked by 20% since Friday (15 December) after major
On 8 December, the Shanghai Containerised Freight Index showed that Asia-North Europe rates gained 9% to US$925/TEU, while Asia-Mediterranean rates went up by 10% to
A new report from independent UK consultancy UMAs seeks both to quantify some of the potential costs and contribute to the discussions by highlighting the
Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. On average, the fleet has grown 5% and 19% compared with 2022
Norway-based ocean and air freight rate platform suggests that next year could be “even more brutal than expected” for ocean carriers in the freight market.
The company is also spending $100 million (Rs.830Cr) on a
The cost of shipping goods has again grown significantly as
Chartering costs for a so-called Suezmax, the largest class of
The sector is adjusting after a period of growth driven
Latest data from shipping analysis firm Xeneta shows spot rates
On 8 December, the Shanghai Containerised Freight Index showed that
A new report from independent UK consultancy UMAs seeks both
Liner operators continue to struggle with a worsening supply/demand balance,
Norway-based ocean and air freight rate platform suggests that next
