WPI inflation has decelerated substantially driven by easing of inflation in food articles. Food inflation has moderated to 13.7% from 19.9% in the previous month led by cooling vegetable prices and the normalization of their prices is likely to continue.
Tag: rates
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MSC plans rate hike for India-Europe trade
From November 4, Mediterranean Shipping Company India (MSC) targets to boost rates in its westbound trade from India to North Europe and the Mediterranean, the company has stated.
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Mercator Lines trims fleet size in dry bulk segment
According to media reports, private sector shipping major Mercator Lines reorganised itself by reducing its dry bulk fleet to 14 vessels. The company reorganised its assets in order to adapt to the low freight rate scenario in the industry. The company sold a vessel and concluded termination of contracts on three in chartered vessels in the last quarter of 2012-13, reports indicate
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Rise in freight rates too less to improve margins
According to industry sources, the recent rise in the freight rates was too less to improve the margins of shipping companies and the rates may not improve significantly in the rest of 2013. The Baltic Dry Index, which measures cost of shipping bulk commodities, has risen from an average of 745
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CMA CGM hikes freight rates
Effective March 3, shipping firm CMA CGM decided to raise freight rates on its trade from northern Europe to India and Pakistan. The firm would raise the tariff by $150 per 20-foot dry container and $200 per 40-foot dry container. Effective March 15, the ocean carrier will hike rates from all Asian ports to the east and west Mediterranean and Black Sea by $65
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Shipping players expects transport cost to be steady
Shipping sector in Kochi does not expect increase in transportation cost despite the recent hike in diesel prices because the trailer operators in the Vallarpadam Terminal are not likely to raise rates. Container trailer operators in the terminal are suffering from muted cargo traffic and hence they may avoid
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Hapag-Lloyd proposes to raise shipping charges
From February 1, the shipping rates for containers from the Indian subcontinent would be raised by Hapag-Lloyd. The liner considers to raise the rate by $250 per Twenty Foot Equivalent Unit (TEU) for transporting boxes from the Indian subcontinent - India, Pakistan, Bangladesh and S