Capture of MSC Aries will further drive up Indian export costs
With heightened geopolitical tensions sparked by the Iran-Israel faceoff, Indian exporters are again staring at ...
Felixstowe is not the only port facing difficulties. Kenya Port Authority (KPA) is trying to create space at Mombasa by transferring uncollected cargo – some 1,500 containers – from its inland container depot (ICD) to other warehouses.
The KPA issued a notice to cargo owners three weeks ago, but so far only 500 containers have been collected, causing congestion. Cargo owners will have to pay for the movement and storage. Low costs at the ICD have been blamed for the problem, as KPA charges $20 for a 20ft container and $30 for a 40ft – while private warehouses charge more than double that. The East African reports.
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