look news india
Ahmedabad: Indian aviation companies have increased after the US announced a 90 -day ban in the tariff war with China. The race to send Chinese goods has increased the risk of disruption in the global supply chain. The announcement of temporary tariff cuts by the US-China has got 90 days to get 90 days. According to Oslo -based market intelligence firm Jeneteta, during this period, freight companies will try to import more as much as possible. In such a situation, the increase in cargo congestion will increase the pressure on the spot of cargo in trans-pacific trade.
The impact of this announcement has started showing. Recently, the global benchmark index, dairy world container index increased by 8 percent to $ 2,233. The Drevi index provides weekly measurements of freight rates on eight east-west waterways. It is noteworthy that this increase was due to an increase of about 20 percent or $ 704 in the freight rate of containers from China to America. The average shipping cost of 40 feet containers on this route is now $ 4,350.
The 90 -day ceasefire on the tariff has paved the way for a possible increase in the amount of container shipping. During this period of relief, crowds may increase at American and Chinese ports. There are two aspects of this agreement from the point of view of Indian exporters.
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On the one hand, this is an opportunity for exporters to increase exports and they can increase exports to the US by taking advantage of low charges. Another possibility is that there may be disruption in the supply chain, as the demand for logistics services may increase due to lack of capacity.
According to experts in the region, Indian businesses have to adopt an active approach to reduce obstacles while interacting on transport contracts. This includes evaluation of supply chain routes, complete use of existing capacity, and improving coordination with vendors. Some people believe that this agreement between China and the US will already bring stability to the disturbed shipping sector.
Sources in the logistics companies said that in the next 90 days, some short -term relief at the pressure at the container rates may be some short -term relief. The air and maritime freight program can also be expected to forecast. This is particularly likely to be on the trans-pacific and Asia-Europe routes. Initially the spot rates will increase, then when the aircraft companies allocate their capacity, they will become stable and the rates will start decreasing.