Subdued freight rates may affect the earnings of the Indian shipping industry and this prompted India Ratings and Research to maintain a negative outlook on the industry. The ratings agency, which is a part of the Fitch Group, feels that freight rates for dry bulk (coal and iron ore) may be hit by high
Tag: freight rates
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Container lines plan hike in shipping rates
Media reports suggest that some of the container lines may raise freight rates in the Asia-Europe trade including ports in the Indian sub-continent. WeeklyInsight learns that some shipping firms also unveiled plans to hike rates from the Far East to North Europe from December. They include Hong KongĆ¢ā¬ā¢s Orient Overseas Container Line (OOCL), South KoreaĆ¢ā¬ā¢s leading flag Hanjin Shipping, ChinaĆ¢ā¬ā¢s Cosco and Emirates Shipping of
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Rail freight rate hike
The Railways' decision for a more than 15 per cent across-the-board hike in freight rates hit hard on the industry at the time of high inflation.