India records Trade Deficit with 9 out of 10 Trade Partners in FY24
NEW DELHI : India recorded a trade deficit with nine of its top ten trading partners during the 2023-24 fiscal year, according to official data released today. The
India’s use of crude tankers to export diesel slows in May
NEW DELHI : Indian refiners’ use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared
30% rise in two-wheeler exports in H1
NEW DELHI : The two-wheelers export is witnessing a year-on-year upward in H1 with 3,20,877 units exported in April. According to the Society of Indian Automobile Manufacturers (SIAM)
Cyclone Remal : Syama Prasad Mookerjee Port, Kolkata announced suspension of operations amid cyclone
KOLKATA : The Syama Prasad Mookerjee Port in Kolkata has suspended all cargo and container handling operations for 12 hours from Sunday evening in view of the forecast
SITC launches new weekly MIM service connecting Malaysia, India, and Myanmar
KOLKATA : SITC, a leading intra-Asia operator, has announced the commencement of a direct weekly service linking Port Klang (Malaysia) and Yangon (Myanmar) with the Haldia Dock Complex
Red Sea crisis: Government must come to the rescue of MSME exporters
NEW DELHI : Logistics cost has serious implications on the country’s manufacturing sector, export competitiveness and global positioning. The Red Sea route, which is shorter and faster, was the
Brazil, EU urge India for timely notifications on sugar subsidies at WTO
NEW DELHI : A group of WTO member countries, including Brazil, Canada and the European Union, have urged India to submit timely notifications on sugar subsidies in the
Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
COPENHAGEN : A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak
Red Sea crisis: Container shortage & soaring shipping costs drive up cost of white goods
KIEL (GERMANY) : The ongoing conflict in West Asia, particularly in the Red Sea region has severely impacted global shipping, causing a significant increase in sea freight costs
Share of passenger vehicle output geared for export at 10-year low in 2023
NEW DELHI : The share of Passenger Vehicle (PV) exports relative to total production in India reached its lowest in a decade in 2023, notwithstanding the government’s ambitions