China is rising fast in the liquefied natural gas (LNG) carrier market, which is dominated by Korean shipbuilders. As dockyards of Korean shipbuilders are fully booked, Chinese shipbuilders are winning orders that Korean companies cannot take. Chinese shipbuilders...

Read More

The fall in commodity prices could help narrow India’s trade deficit in the coming months, aiding the rupee, analysts said on Friday. India’s trade deficit narrowed to $23.9 billion in November from $26.9 billion in the previous month, data released on Thursday...

Read More

India’s merchandise exports grew just 0.59 per cent year-on-year in November at $31.99 billion, as tepid external demand and fears of a recession in developed economies continued to weigh on demand. Month-on-month, exports grew 7 per cent. While the growth in exports...

Read More

Next year’s containerized freight contracts for the eastbound trans-Pacific lane are likely to settle at steep discounts to 2022 as spot pricing continues to slide on the back of large supply and demand imbalances.Early indications from shippers and carriers alike who...

Read More

Over the past 12 months, global container shipping rates have steadily declined to their long-term averages as supply chain snarls have receded and backups at ports have disappeared. Now, another segment of the cargo shipping industry is seeing day rates explode to...

Read More