The United Kingdom pipped China as the fourth-largest market for Indian goods in the first six months of the fiscal for the first time since 2016, according to a data released on October 16. Singapore is closing the gap with China, the data showed. In 2023-24, India’s exports to the UK were 29 percent lower than that […]

APM Terminals Mumbai at India’s Nhava Sheva Port (JNPA) is grappling with capacity pressures due to volume surges from more ship calls, according to industry updates.APMT Mumbai, also known as Gateway Terminals India (GTI), is one of five box facilities in Nhava Sheva, which handles a significant portion of India’s containerised trade.Amid growing trade concerns, […]

The Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has announced new customs service fees starting October 6, 2024. The new rules include waiving the fees for all customs services for exports. The authority also reduced customs service fees for imports through a new mechanism for calculating import service fees, which involves a fee of 0.15% […]

The Vizhinjam International Seaport is steadily becoming a major player in global maritime trade as trial operations continue to gather momentum, said Vizhinjam International Seaport Limited (VISL). The latest vessel to berth is MSC KAYLEY, marking another milestone for the port. The ship with 16.5 meter draft successfully berthed at the port on Monday. In addition, another […]

Some of India’s rice exporters are turning to the Supreme Court for urgent intervention amid the country’s ongoing export ban, which has been in place since July 20. They seek to relax the ban to fulfill international contracts made before the export restrictions were imposed, media was told by people familiar with the matter. Exporters are […]

Tiruppur, the renowned textile hub in Tamil Nadu, is set to experience a significant boost in garment exports this financial year, with projections indicating a 20 per cent increase. A. Sakthivel, chairman of the India Knit Fair Association, revealed these optimistic forecasts during a press briefing on Friday in Tiruppur. According to Sakthivel, garment exports from Tiruppur […]

India’s textile industry is on the brink of expansion, with total textile exports projected to reach $65 billion by FY26, according to Invest India. Invest India posted on X, “PM Modi’s bold ‘#fibretofashion’ vision is guiding the # textile industry to become a driving force in the global market while bringing competence & technology to local […]

The Agriculture Ministry has reportedly suggested a hike in the import duty of edible oils to protect domestic farmers so that they receive at least the minimum support prices for the oilseed crop. It is hopeful of a favourable decision soon. Currently, the import duty (including cess) on crude palm oil, soyabean oil and sunflower oil […]

With Red Sea crisis continuing to disrupt global supply chain, a strike planned by 18,000 employees at the 12 major ports from August 28 at could have a cascading impact on the trade. It is being planned at a crucial time when products like leather and apparels are being despatched to global markets for Christmas and […]

As Far East-Australia rates have been going up, Mediterranean Shipping Company will relaunch the North Asia-ANZ Wallaby service today (19 August). The service connects Hong Kong, Yantian, Xiamen, Shanghai, Ningbo, Sydney, Melbourne, Auckland, Bluff, Lyttelton, Wellington, Napier, Tauranga, Melbourne, Brisbane, and Hong Kong. The first sailing will see the 2,732 TEU MSC Tania depart Hong […]