Trending News
Baltic Exchange Market Report (28 June 2024)...
  Daily Exim

NEWS DETAILS

Date: 05/07/2024

Red Sea disruptions seen continuing into Q3

The coming months will be challenging for carriers and businesses as disruptions to container shipping via the Red Sea continue into the third quarter, Maersk said citing comments made by CEO Vincent Clerc at a recent online event with customers. Maersk and other shipping companies have diverted vessels around Africa’s Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, with the longer voyage times pushing freight rates higher. The longer that this lasts, the more costs will get deeply ingrained. He said that nobody knows yet exactly how much of these costs will be recovered and for how long. The higher rates seen right now are of a temporary nature, as per a report.
 
Source: Exim News Service: Copenhagen, July 4



Featured News

EXIM INDIA ONLINE SERVICES

APPOINTMENTS

View All

USEFULL LINKS

View All

Introduction

EXIM INDIA is a reputed and all-India recognised premier publishing house. It publishes a daily newspaper.

It publishes a daily newspaper "Exim Newsletter" from Mumbai, Gujarat and New Delhi / NCR / North India, and Exim India - 'Shipping Times' from Kolkata, Chennai, Cochin and Tuticorin for the last 46 years.

Read More

QUICK LINKS

Contact Details

Inquiry

© | Exim India. All rights Reserved.