Air freight rates ex-Dhaka set to surge after transhipment options are cut
Airfreight rates out of Dhaka are expected to surge after India cancelled transhipment access for ...
By Sam Whelan
Cyclone Tauktae has forced the Indian port of Pipavav to shut, putting increased strain on the country’s shipping networks.
Pipavav, operated by APM Terminals, said it had declared force majeure and would suspend operations until 1 June, following the cyclone making landfall last week along the coast of Gujarat in the north-west.
With winds up to 185 kph, Tauktae is categorised as “extremely severe” and is one of the worst Arabian Sea-cyclones to hit India in a decade.
Pipavav said there had been ...
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