News: Trade

Maersk diverts Vessel Routes from Suez Canal, Redirects select services via Cape of Good Hope Route

March 3, 2026

COPENHAGEN: In a renewed shift to safeguard operational reliability, Danish shipping major Maersk has decided to temporarily reroute several of its vessel services away...

‘Strait of Hormuz must not be allowed to shut down’ says Safesea Group Chairman Dr S.V. Anchan

March 3, 2026

MUMBAI: Amid escalating tensions in West Asia in the wake of US-Israel strikes against Iran, a leading Indian-American maritime executive has voiced concern over...

WSC statement on the situation in the Middle East and its impact on global shipping

March 3, 2026

WASHINGTON D.C. : "The recent escalation of conflict in the Middle East is causing disruption to global liner shipping, with many ocean carriers pausing...

IMO Secretary General Statement on the Strait of Hormuz

March 3, 2026

LONDON: Secretary-General of the International Maritime Organization Mr. Arsenio Dominguez has issued a statement on the situation in the Strait of Hormuz: "I am deeply...

IREF issued an Advisory in view of Middle East Crisis

March 3, 2026

NEW DELHI: Indian Rice Exporters Federation (IREF) has issued an advisory to its members inview of the deteriorating situation in the Islamic Republic of...

CBIC introduces deferred Customs Duty payment facility for Eligible Manufacturer Importers as announced in Union Budget 2026-27

March 3, 2026

NEW DELHI: In pursuance of the Union Budget 2026–27 announcement by the Union Minister for Finance and Corporate Affairs, the Central Board of Indirect...