New Globe Logistik LLP – Indian Market Update

      India

• In view of the Covid-19 pandemic, India is under lockdown till 31st July 2021 with certain relaxations for essential services.
• Majority of our team members are vaccinated thanks to a corporate drive for everyone safety.
• Our offices are open, but some of us are working from home.
• Despite the challenges, our teams are available for your assistance & continue to handle your shipments professionally without any disruption of services.

Air Export

• Increase in export volumes have caused backlog in majority of the airports in India.
• Shortage of space has led to increase in airfreight rates by 10% to 20%.
• Freight rates continue to be dynamic, with validity of 2-3 days.

  Sea Export

• The peak season has kicked in and rate increases have been announced. Vessels are going full and are booked for the next 2-3 weeks, resulting a space crunch thus impacting the market.
• The space- and equipment-situation is similar all over Asia.
• FAK rates are being quoted with no guarantee of space by carriers. Rates have also spiked up due to limited space on vessels.  Carriers are also hesitating to sign contracts/long-term deals on certain lanes.
• We see limited blank sailings but still a lot of port-omissions and cargo roll-overs.
• Schedule reliability is weak and heavily impacting the trade. Delays are inevitable.
• Port/Rail/Intermodal challenges continue, slowing down the overall supply chains.
• Shipments need to be pre-planned at least 2-3 weeks prior to sailing to combat the current situation and get the cargo moving.