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Sathyalok Charitable Trust Dialysis Centre opens in Porur, Chennai
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Sathyalok Charitable Trust Dialysis Centre - Porur, meant for dialysis services at subsidized price, inaugurated
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Now, traders will end up paying more to export goods to global destinations
June 25, 2021
Shipping lines to hike surcharges by up to $1,500/ TEU
At a time when exports appear to be the only saving grace for the Indian economy, exporters are being forced to shell out more to ship goods to global destinations.
Shipping lines have announced surcharges due to the continued global disruptions in container trade following congestion at various ports. The proposed increase is between $500 and $1,500 per Twenty-foot equivalent unit (TEU), depending on the destination.
Effective July 7, shipping rates from Nhava Sheva, Mundra, and Hazira ports to Mediterranean will see a rate increase of $500 per TEU, said an Hapag Lloyd advisory. At present, it costs $2,800 per TEU to Barcelona – a $500 surcharge would mean an 18 per cent increase in shipping cost.
Ripple effect of Suez Canal blockage continues to impact shipping trade
May 25, 2021
FILE PHOTO: Ship Ever Given, one of the world s largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021 - REUTERS
FILE PHOTO: Ship Ever Given, one of the world s largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021 - REUTERS×
Severe shortage of containers have pushed freight rates to an all-time high
It’s been two months since the Suez Canal blockage happened, but its impact continues to worry the shipping trade as severe shortage of containers have pushed freight rates to an all-time high to key markets like the US and Europe.
Covid ‘infects’ shipment of leather exporters
May 20, 2021
Work has restarted in a limited way as per Tamil Nadu Government mandated restrictions in a leather footwear MSME export unit in Guindy Industrial Estate, Chennai. Photo : Bijoy Ghosh - Businessline
Work has restarted in a limited way as per Tamil Nadu Government mandated restrictions in a leather footwear MSME export unit in Guindy Industrial Estate, Chennai. Photo : Bijoy Ghosh - Businessline×
Skeletal staff and shortage of sea containers is a concern despite exporters having enough orders
Leather exporters have enough orders on hand, but skeletal staff strength and shortage of sea containers is threatening to delay the shipment to global customers. Every year, April to June is the peak running time for leather units and export shipment starts from June 15. However, leather units are worried that this will get delayed this year.
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