EU tanker import tonne mile demand up 12% as ships avoid Red Sea area : BIMCO
LONDON : “In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for
US container imports remain stable, with several potential global challenges to be seen
NEW YORK : In March, US container import volumes saw marginal growth compared to February, edging up by only 0.4% to reach 2,145,341 TEUs. However, TEU volumes experienced
DGTR recommends anti-dumping duty on sodium cyanide imports
NEW DELHI : The Directorate General of Trade Remedies (DGTR) has recommended imposition of anti-dumping duty on Sodium Cyanide (NaCN) imported from China, European Union (EU), Japan and
Chittagong Port urges cargo recovery to ease operation
CHATTOGRAM : Chittagong Port Authority (CPA) continues to struggle with operational disruptions caused by significant influx of containers and cargo, it has issued an urgent appeal to businesses
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
Iranian ports unloaded over 21MT of basic goods in a year
TEHRAN : The Iranian Ports and Maritime Organization (PMO) said 21,517,788 tons of basic commodities were unloaded at the ports of the country during the 12 months of
US trade deficit widens in February on strong imports
WASHINGTON : The U.S. trade deficit widened for a second straight month in February as an increase in exports to a record high was offset by surging imports,
China, India boost seaborne thermal coal imports as power demand surges
TORONTO : China and India lifted imports of seaborne thermal coal to three-month highs in March as the world’s two biggest buyers took advantage of lower international prices
India initiates anti-dumping probe into import of a chemical from China & Japan
NEW DELHI : India has initiated an anti-dumping probe into the import of a chemical used in the rubber industry from China and Japan following a complaint by
India reduces steel trade deficit on the back of better exports, stable imports
NEW DELHI : India’s steel trade deficit has come down to ₹10,411 crore ($1,258 million) for the April–February period, down 10 per cent sequentially, on the back of improving exports,