Home / Knowledge / News / Hike in Suez Canal fee may not impact Indian exports
Hike in Suez Canal fee may not impact Indian exports
31
May '13
The 2-5 percent increase in fees for the ships passing through the Suez Canal may not have a significant impact on the shipping line services and Indian exports since it is the most viable option for ships sailing from the country.
 
Speaking to fibre2fashion, senior director of marketing and sales at DHL Global – one of the global marketing leader in the logistic industry, Mr. Sandeep Pingle said, “For ships sailing from India, a routing via Suez Canal for movements to Europe and the Mediterranean region is still the most viable option rather than sailing via the Cape of Good Hope, owing to increased bunker costs.” 
 
“Therefore even with the 5 percent increase in toll, we do not see this having a significant impact on the shipping line services via the Suez Canal,” he adds.
 
DHL Global Forwarding handles in excess of 2.7 million TEU - twenty-foot container equivalent unit - a measure used in container shipping - annually, across all continents with a large footprint being routed through the Suez Canal.
 
The Egyptian Suez Canal Authority increased the fees paid by the ships passing through the canal by 2-5 percent earlier this month.
 
The main objective of increasing the Suez Canal fees was to boost the revenue of the country since Egypt’s economy is affected by the political turmoil last year. 
 

Fibre2fashion News Desk - India


Must ReadView All

Chinese firm sets up textile-garment chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up textile-garment chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Urmil Arya

Sushila International, a well established textile organisation established ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search