Rising tensions in the Middle East are expected to drive up steel prices globally as surging oil costs and higher freight rates put additional pressure on production and supply chains, according to industry sources. Analysts note that the Gulf region is a critical hub for crude oil exports, and any disruption in shipping through key […]
India’s maritime regulator, Directorate General of Shipping (DG Shipping), has issued an advisory urging Indian seafarers operating in the Persian Gulf, Strait of Hormuz, Gulf of Oman and nearby waters to maintain continuous vigilance and heightened situational awareness in view of recent unprecedented incidents in the region. The advisory follows reports of a serious onboard […]
India is evaluating a proposal to increase imports of precious metals from the United States, as part of efforts to diversify sourcing and strengthen bilateral trade ties. The move is expected to cover key commodities such as gold, silver, and platinum group metals, which are widely used in jewellery, investment products, and industrial applications. Officials […]
Indian basmati rice has received a significant boost with the confirmation of a 5,000-tonne export deal to the United States. The agreement is expected to positively impact farmers and exporters, strengthening India’s presence in the high-value US rice market. Industry sources highlight that the deal comes amid growing demand for premium-quality basmati rice in North […]
GT LINES has announced the launch of a new standalone container service, India Sharjah Express (ISX), aimed at enhancing cargo connectivity between West India and the Gulf region. The service is scheduled to commence operations on 8 March 2026. Designed to offer faster transit times, high schedule reliability and integrated last-mile delivery across the UAE, […]
CMA CGM has announced an update to its Freight All Kinds (FAK) rates for cargo moving from the Indian Subcontinent to destinations in Europe and North Africa. The revised rates apply to a range of containerised shipments and reflect current market conditions, including demand levels, capacity deployment, and operating costs on the trade lane. The […]
US aluminium imports have surged in recent months as strong industrial demand from the automotive, aerospace, construction and renewable energy sectors drives shifts in global logistics and air cargo patterns. Industry data shows a marked increase in inbound aluminium shipments, particularly higher-value and semi-finished products, as manufacturers seek to secure timely supplies amid tight inventories […]
Even as global economic uncertainty drags down trade, Indian pharmaceutical exporters are seeing growth in Brazil and Nigeria as both countries are emerging as important overseas markets. Data by the commerce ministry data shows that Nigeria has been a major driver of this shift. During the first eight months of the current financial year, exports […]
Amid reports suggesting that India may exit Iran’s Chabahar port project due to pressure from the United States, the government on Friday clarified that it remains in close engagement with Washington to operationalise the sanctions waiver granted for the strategic port. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said the US Department of the […]
The United States (US) President Donald Trump on Monday (India time) stated that Washington could raise tariffs on Indian imports if New Delhi does not cease purchasing Russian oil. “They (India) wanted to make me happy, basically. Modi is a very good man; he is a good guy. He knew I was not happy, and […]