Container freight rates out of India on major trades see gains as capacity tightens
NEW DELHI : Container freight rates on trades out of India have begun to rebound after recent downward corrections from the Red Sea crisis-linked highs, according to an analysis of market data for June.
Piyush Goyal to meet exporters today to discuss ways to boost shipment
NEW DELHI : Commerce and Industry Minister Shri Piyush Goyal will meet different export promotion councils today to discuss ways to further promote the growth rate in the country’s outbound shipments, an industry official
Develop Indian shipping lines, lower duty on precious metals: Exporters in pre-Budget meet
NEW DELHI : As Covid-19 and the ongoing Red Sea crisis pushed shipping rates several fold higher, hitting exports, exporters have urged the government to develop Indian shipping lines of global repute to boost
India’s textile export markets getting better — industry experts examine the recovery trends
NEW DELHI : The export data for the month of May showed that India’s textile exports increased by 11.2% compared to the previous year, marking the highest growth in 18 months and the best
Govt proposes new bank to bridge credit gap for MSMEs
NEW DELHI : The government is considering a proposal to set up a separate bank for direct lending to the micro, small and medium enterprises (MSMEs) to deepen credit flows to the under-penetrated sector
UK surpasses China to become India’s 4th largest export market
NEW DELHI : The United Kingdom (UK) has overtaken China to become India’s fourth-largest export market in May 2024, commerce department data showed. The UK was India’s sixth-largest export destination in May last year. While exports to the UK grew by
HMM takes delivery of LNG-ready HMM Ruby
SEOUL : South Korean shipbuilder Hanwha Ocean has handed over a newbuild LNG-ready 13,000 TEU containership, HMM Ruby, to compatriot shipping company HMM. HMM revealed the ship’s delivery via social media update on June
Container Rate Surge enters longest stretch since the Pandemic
NEW YORK : The spot rate for shipping goods in containers to Europe from Asia rose for a ninth straight week, the longest stretch of rising prices since the pandemic disrupted global supply chains