Freight rate fall on trades out of India continues as exporters bet on new fiscal year
MUMBAI : Container freight rates on trades out of India have continued to soften from the Red Sea crisis-driven highs, according to the latest market analysis. On the westbound India-Europe trade, average short-term contract
SJVN sets milestone with Inauguration of First Multi-purpose Green Hydrogen Pilot Project of the Nation
NEW DELHI : SJVN Limited has achieved a significant milestone with the inauguration of India’s first Multi-purpose (Combined Heat & Power) Green Hydrogen Pilot Project at SJVN’s 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri,
Stormy weather disrupts Middle East supply chains network
DUBAI : Unusual weather across the Persian Gulf region have sparked serious concerns for ocean and air freight stakeholders, dealing another blow to supply chains already caught up in worsening geopolitical setbacks after the
Russian oil and products trapped on tankers hit by new Iran-related sanctions
MOSCOW : Russian oil and products have become trapped at sea on four tankers after the United States hit the vessels with fresh Iran-related sanctions, LSEG data showed on Friday. The development shows how
India seriously concerned about crude oil trade due to Iran-Israel war
NEW DELHI : While Israel and allies including the US, UK and France managed to mostly foil an unprecedented attack by Iran on the Jewish state, stock markets in Israel, Saudi Arabia and elsewhere
India says high crude prices a concern, oil refiners aiming to curb retail impact
NEW DELHI : India is concerned about elevated crude prices, but oil marketing companies will take appropriate measures to cushion the impact for retail consumers if the trend persists for long, government and refinery
Red Sea shipping diversions are boosting airfreight volumes and rates
OSLO : Retailers and manufacturers are flying more goods around the shipping crisis in the Red Sea, industry experts say, helping boost international airfreight operators after a long period of sagging cargo volumes. The
The new corridors of global trade : UNCTAD
GENEVA : Recent crises have shifted global trade routes. Trade facilitation tools and digitalisation are needed more than ever to facilitate the flow of goods. Geopolitical developments over the past few years have redefined