India’s crude oil imports rose 1.7% in September to 19.93 million metric tons month-on-month, their highest level since June, government data showed on Monday. India is the world’s third-biggest oil importer and consumer, making this data a key indicator of its oil demand. Every year, crude oil imports rose 6.1%, from 18.79 million tons in September […]
Led by a sharp rise in the export of processed soybean oil, Nepal’s exports to India surged by nearly 138 per cent during the first quarter of the current fiscal year 2025–26, the country’s Department of Commerce has revealed. As per the foreign trade statistics released by the department, Nepal exported goods worth NPR 59.12 billion […]
The government has clarified that the recent restrictions on the import of silver jewellery will not apply to 100% Export Oriented Units (EOUs) and units operating in Special Economic Zones (SEZs). According to the clarification, these entities can continue to import silver jewellery without restriction, provided that the imported goods are not sold in the Domestic […]
ICD-Bawal, operated by Sanjvik Terminals under Om Logistics, has taken significant strides in enhancing Northern India’s export-import (EXIM) logistics network with the launch of Ocean Network Express (ONE) BL Point operations and the resumption of rail services connecting key sea ports. With ONE Line, one of the world’s largest shipping companies, commencing BL Point operations at […]
Maersk’s stock fell to a three-month low following news of a possible ceasefire in Gaza, which could lead to the reopening of the Red Sea and Suez Canal shipping routes. Despite this, the company remains cautious, stating that it will only resume operations through the Red Sea once a secure, long-term solution is established.
The Istanbul Bridge, has successfully completed its inaugural Arctic voyage from Zhoushan, China to Felixstowe, UK, reducing the typical 40–50 day transit via the Suez Canal or Cape of Good Hope to just 20 days.
A Dutch court has mandated a temporary return of dock workers to the Port of Rotterdam for four days following an extended strike that caused significant port congestion. While this provides short-term relief, broader port disruptions across Europe persist, threatening sea freight flows and highlighting ongoing labor disputes in the region.
Chinese container shipping companies are bracing for a fresh financial hit as President Donald Trump’s administration begins imposing new US port fees on vessels linked to China, further deepening the ongoing trade war and adding strain to already declining freight markets. Cosco Shipping Holdings Co. and Orient Overseas International Ltd. (OOIL) will be the biggest casualties […]
India has taken a major step to boost its maritime ambitions by granting infrastructure status to large commercial ships, a move aimed at expanding the country’s shipping capacity and global competitiveness. The policy, announced on September 19, recognises vessels that meet specific tonnage and Indian ownership criteria as infrastructure assets—making them eligible for easier financing, […]