About 75% of India's transshipped cargo is handled at ports outside India, and the major trade routes connecting India to various destinations, including Colombo, Singapore, and Port Klang, are currently experiencing strain.
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Driving Innovation in Logistics | Managing Director at Sanguine Logistics | AEO Certified | Ensuring Efficient, Reliable Import/Export Services Worldwide
In the wake of the ongoing conflict in the Red Sea, India, like many other nations, has rerouted nearly 95% of its cargo vessels, around the Cape of Good Hope in Africa. Rerouting have increased travel distances by 4000 to 6000 nautical miles, increasing the journey time by 14-20 days. While this move is essential for safety, it comes at a significant cost. Shipping container rates from India to Europe, the UK and the USA have soared from $600 to $1500. This escalation hits hard at a time when nearly 80% of India's goods trade is with Europe. As we navigate these challenges, adaptability and resilience in the logistics sector become paramount. Stay tuned for further insights into the ever-evolving landscape of global trade. Source: India Seatrade News Contact us for all your logistics requirements. Mail us: marketing@sanguinelogistics.com Visit us: https://lnkd.in/ficjsBY #redsea #suezcanal #internationalwaters #internationaltrade #logisticsservices #customshouseagent #customsbroker #importer #exporter #Indianimporter #Indianexporter #freightforwarder #warehousing #marineinsurance #CIF #SanguineLogistics
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Another container shortage coming for exporters: GTRI Indian exporters are facing a worsening container shortage, partly due to China securing most available container capacity to prioritize shipments to the U.S. and Europe ahead of potential tariff hikes. Additionally, congestion at the Singapore port is causing shipping delays, with some lines skipping Indian ports altogether. This has led to soaring freight costs, which have more than doubled for Indian exports to the U.S. and Europe over the past year. #supplychain #containershortage #export #India
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In the wake of the ongoing conflict in the Red Sea, India, like many other nations, has rerouted nearly 95% of its cargo vessels, around the Cape of Good Hope in Africa. Rerouting have increased travel distances by 4000 to 6000 nautical miles, increasing the journey time by 14-20 days. While this move is essential for safety, it comes at a significant cost. Shipping container rates from India to Europe, the UK and the USA have soared from $600 to $1500. This escalation hits hard at a time when nearly 80% of India's goods trade is with Europe. As we navigate these challenges, adaptability and resilience in the logistics sector become paramount. Stay tuned for further insights into the ever-evolving landscape of global trade. Source: India Seatrade News Contact us for all your logistics requirements. Mail us: marketing@sanguinelogistics.com Visit us: https://lnkd.in/fGSi6zK #redsea #suezcanal #internationalwaters #internationaltrade #logisticsservices #customshouseagent #customsbroker #importer #exporter #Indianimporter #Indianexporter #freightforwarder #warehousing #marineinsurance #CIF #SanguineLogistics
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>>>Ocean transport time comparison among Bangladesh, India & China. Shipping times for merchant vessels from Bangladesh, India, and China to the USA vary due to geographical location and shipping routes. #Bangladesh to USA: Takes approximately 25-35 days, covering ~15,000-17,000 kilometers. Ships travel through the Indian Ocean and the Atlantic. #India to USA: Takes about 25-40 days, covering ~14,000-16,000 kilometers. Routes may pass through the Suez Canal or around the Cape of Good Hope. #China to USA: Takes around 15-30 days, covering ~11,000-14,000 kilometers. Direct routes across the Pacific Ocean to the west coast shorten the transit time. China's proximity to the Pacific Ocean and advanced port infrastructure lead to faster shipping times compared to Bangladesh and India, which are farther and involve longer, more complex routes. #ShippingTimes #GlobalLogistics #MaritimeShipping #SupplyChainManagement #BangladeshShipping #IndiaShipping #ChinaShipping #USAShipping #TradeRoutes #ShippingIndustry #Logistics #InternationalTrade #FreightShipping #OceanFreight #ShippingRoutes #GlobalTrade #PortInfrastructure #PacificShipping #SuezCanal #CapeOfGoodHope
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India Exports – Ocean Freight reduction for September’24 For September 2024 - There has been a light of hope in the shipping market – space has opened up and there is a rate reduction for nearly all destination by around 10%. Last 3 months overview. · Situation was pretty bad in July when most of shipping lines were unable to provide space and ocean freights were soaring. · In August the situation eased up and moving forward to September its looks better. · In September - We might not see a strong reduction in freight but shipping lines are able to provide space since the beginning of the month. Reason for rate reduction in September · The peak season for Chinese exports has ended. · Port congestion and vessel waiting time has reduced at Colombo, Singapore etc. · Container imbalance has improved. Future prediction · It seems that since October the Freight rate will reduce further. · Many vessels and containers which were ordered in past years are to be in the market by this year-end which will lead the increase in space compared to present demand and reduce the freight further.
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[UPDATE NEWS] 💥 "The combination of high demand and limited capacity is resulting in increased costs and cargo delays" 💥 Intra-Asia rates hit new heights as demand grows: - Average spot rates from North China (Tianjin) to West India (Nhava Sheva or Mundra) have exceeded $5,000 for a 40ft container booking. - For Singapore-India, carriers are now selling space at $4,500 per 40ft, a sharp jump from the $1,100 they were quoting last month. Simply put, intra-Asia rates into India have generally seen increases of 200% to 250% over the past month, data from market sources reveals. It’s a guessing game on cargo delivery schedules: Port congestion problems plaguing Singapore, Port Klang and other South-east Asia hubs had made sailing schedules erratic and transit times unpredictable. Due to fewer sailings and schedule disruptions, often causing cargo rollovers and shipping costs from China have become a painful thorn for Indian importers, this capacity pressure could cause some trade impacts for India, given that China remains its largest trading partner. As container lines increasingly concentrate on the lucrative Chinese trade, with more regional operators jumping onto the demand bandwagon, Indian ports are also seeing a rush of empty equipment outflows, particularly at Mundra Port, in some part, due to major lines repositioning into China. Soure: https://lnkd.in/eqcQ3kci ------------------------ At POCO SHIPPING, we provide full services from Vietnam to every port in India at unbeatable rates. Just send us your request, our dedicated team always willing to serves you 24/7! Choose POCO SHIPPING for a hassle-free shipping experience! 🌍 : https://lnkd.in/gB-9Mupd 📞 : (+84) 349726711 (WhatsApp, Skype, LINE) 📮 : flora@pocoshipping.com
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Supply Chain & Logistics Specialist | Customer-Centric Solutions | 9+ Years of Experience | Freight Forwarding | Customer Satisfaction | Operations Handling | Team Leadership | Process Optimization
#News #Updates Indian Exporters Face Delays: Disruptions Plague Key Trade Routes #India #Trade #SupplyChain #GlobalTrade Indian exporters, be aware! Disruptions in critical trade routes are causing delays and congestion, impacting your ability to get goods to market efficiently. This article in the "Economic Times" highlights the challenges arising from these disruptions. Understanding the Disruptions: Global shipping routes are in turmoil, leading to delays and bottlenecks. Two major hubs, Colombo and Singapore, are experiencing a surge in container traffic, causing congestion. Root Causes of the Problem: Red Sea Security Concerns: Houthi rebel attacks in the Red Sea are forcing ships to reroute, impacting global supply chains. Singapore Overload: The influx of rerouted vessels has overwhelmed Singapore's port, resulting in container pile-ups. Impact on Indian Exporters: Indian exports are facing significant delays in reaching their destinations due to congestion in Colombo and Singapore. These delays can translate into financial losses for businesses and potentially dissatisfied customers. Taking Action: Stay Informed: Remain updated on the latest developments in global shipping routes to make informed decisions. Explore Alternatives: If feasible, research and consider alternative routes or ports to minimize delays. Open Communication: Maintain transparent communication with your customers, managing their expectations regarding potential delays. Let's Discuss: What proactive strategies can Indian exporters adopt to navigate these challenging times? Share your thoughts and insights in the comments below! #shipping #logistics #export #business #IndiaExport
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Customers need to plan orders and deliveries early to suit the current situation. 👉 Vietnam-India frieght has increased 3.5 times from 1500 USD to 3500 USD, expected to reach 4000 USD in the near future. 👉 India is experiencing significant difficulties in container shipping schedules, with ships arriving late and skipping many ports. This is mainly due to ongoing congestion at major transshipment ports in the Asia and Middle East regions. For example, CMA CGM removed the port of Mundra from its MIDAS 2 service, while also omitting other ports such as Singapore, Port Klang, Colombo and Hamburg on several other routes. 👉 These schedule changes are causing longer transit times and shortages of space on ships for importers and exporters of goods from/to India, causing "chaos" in the supply chain. 👉 Shipping lines are trying to minimize the impact. There are also concerns that shipping lines may prioritize goods from more profitable third countries over Indian exports when space allocation on ships is scarce. Overall, the container transport situation is causing great difficulties for Indian importers and exporters of goods in the current market context. ✊✊Advice: Shippers and Consignees need to plan orders and deliveries early to suit the current situation. #shippingfee #theline #oceanfreight #trade #import #export
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India has aspirations to become a “China alternative” in the global network for containerized cargo shipping. According to a worthwhile article in the New York Times, India is trying to capitalize on growing worries about over-reliance on China from multi-national retailers and other companies that depend on containers to get their products to market. However, India has a long way to go before it is a serious competitor to China, as illustrated by this chart. China currently operates 11 of the world’s top 30 ports by container volume, compared to only two in India. In 2023, these ports handled almost 20x the volume of their Indian counterparts. Link to article (subscription required): https://bit.ly/3X7LJnw
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