New Globe Logistik LLP – Indian Market Update

Member News

We’re glad to share with the SCN Community the Indian Market Update thanks to our member: New Globe Logistik LLP:

  MARKET UPDATE – INDIA
 

      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.

These are fast changing times – if you’d like to inform us of the market situation in YOUR market, for cargo moves, please drop us an e-mail.

hello@securitycargonetwork.com

 

If you want to know more about moving your cargo from India….and certain current limitations, please contact:

 

Nomita Kothari
Director
newglobe@newglobegroup.com