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Half a year later, on 5 December 2008, the index had dropped by 94%, to 663 points, the lowest since 1986; [9] though by 4 February 2009 it had recovered a little lost ground, back to 1,316. [10] These low rates moved dangerously close to the combined operating costs of vessels, fuel, and crews.
The Freightos International Freight Index was first launched as a weekly freight index in early 2017. [7] The Freightos Baltic Index has been in wide use since 2018. [8] It is currently the only freight rate index that is issued daily, and is also the only IOSCO-compliant freight index that is currently regulated by the EU (in particular, the European Securities and Markets Authority).
The table lists volume in thousands of TEU per year. The vast majority of containers moved by large, ocean-faring container ships are 20-foot (1 TEU) and 40-foot (2 TEU) ISO-standard shipping containers , with 40-foot units outnumbering 20-foot units to such an extent that the actual number of containers moved is between 55%–60% of the number ...
This railroad can typically deliver containers in 1/3 to 1/2 of the time of a sea voyage, and in late 2009 announced a 20% reduction in its container shipping rates. [109] With its 2009 rate schedule, the TSR will transport a forty-foot container to Poland from Yokohama for $2,820, or from Pusan for $2,154.
India has a coastline of 7517 kilometres, forming one of the largest peninsulas in the world. According to the Ministry of Ports, Shipping and Waterways, around 95 percent of India's trading by volume and 70 percent by value is done through maritime transport. India's major ports handled highest ever cargo of 795 million tonne in FY23. [3]
A freight rate (historically and in ship chartering simply freight [1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport ( truck , ship , train , aircraft ), the weight of the cargo, and the distance to the delivery destination.
The Tuticorin port has the potential to be an international container transshipment hub given its unique geographical location. [15] Activity at the port has grown at a rate of 17% per year over the last five years. A large portion of the operations in the port has been privatised, including handling at the first container terminal by PSA Sical ...
Indian Railways' strategic initiative to containerise cargo transport put India on the intermodal freight transport map for the first time in 1966. Given India's size (almost 3,000 kilometres (1,900 mi) from North to South and East to West), rail transport is often a cheaper option for all cargo over medium and long distances, especially if the cost of inter-modal transfers can be reduced.
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