Iran’s newly established Persian Gulf Strait Authority (PGSA) has announced the creation of a “controlled maritime zone” covering key waters of the Strait of Hormuz, signalling a major escalation in Tehran’s efforts to regulate one of the world’s most strategically important shipping corridors. In a statement posted on X on Wednesday, the authority said vessels […]
India’s growing fuel import bill continues to weigh on the country’s external trade balance despite government measures aimed at moderating non-essential imports and reducing gold-related outflows. Higher crude oil and energy purchases have kept pressure on the current account and import expenditure amid volatile global commodity markets. Analysts said strong domestic energy demand, coupled with […]
The Indian government has clarified that there are currently no plans to impose restrictions on non-essential imports, even as authorities continue to closely monitor movements in the rupee and the broader external trade environment. Commerce and Industry Minister Piyush Goyal said the Centre remains watchful of currency fluctuations and global economic developments but does not […]
India’s edible oil market is facing fresh uncertainty after Indonesia announced plans to tighten state control over exports of key commodities, including palm oil, raising concerns over supply disruptions and price volatility for major importers. Indonesia, the world’s largest palm oil exporter, plans to centralize commodity exports through a state-backed trading mechanism as part of […]
Fruit exporters in Kashmir are urging authorities to introduce refrigerated rail transport to improve the efficiency and reliability of fruit shipments, particularly for apples and other perishable produce. Growers and traders say the lack of an adequate cold chain rail network forces them to rely heavily on road transport, which often leads to delays, higher […]
Apple exports to India have recorded a sharp increase following recent changes in import protocols, signaling a boost for global fruit exporters and improved supply conditions in the domestic market. The revised protocol, which streamlines inspection and certification requirements, has made it easier for overseas suppliers to access the Indian market. Exporters from key producing […]
MSC has unveiled a new Europe–Red Sea–Gulf Express service, strengthening connectivity across key trade corridors linking Europe with the Middle East. The new service is designed to provide faster transit times and improved schedule reliability, connecting major ports across Europe, the Red Sea, and the Gulf region. It is expected to support growing trade volumes […]