News: Trade

“Hormuz is defined under Iran’s command, not CENTCOM”: Gharibabadi dismisses US security dialogue

July 4, 2026

TEHRAN: Iran's Deputy Foreign Minister for Legal and International Affairs Kazem Gharibabadi on Thursday strongly criticised the US-led regional summit in Bahrain, rejecting Western attempts...

Drewry: Intra-Asia Container Index down 4% last week

July 4, 2026

LONDON: Drewry’s Intra-Asia Container Index (IACI) decreased 4% to $1,035 per 40ft container. Freight rates declined, particularly on the Shanghai–Busan, Ho Chi Minh City, and...

Asia-US container rates continue to soar; liquid tanker rates steady to softer

July 4, 2026

HOUSTON: Rates for shipping containers from east Asia and China to the US continued to surge as importers pull volumes forward to beat impending...

PM Modi meets Japanese PM Sanae Takaichi ; India and Japan deepen Technology and Strategic Partnership

July 3, 2026

NEW DELHI : India and Japan have reaffirmed their commitment to further strengthening their Special Strategic and Global Partnership, with a strong focus on...

India-Japan Joint Statement on cooperation in the field of Artificial Intelligence (AI)

July 3, 2026

NEW DELHI : The Prime Minister of the Republic of India and the Prime Minister of Japan acknowledged that Artificial Intelligence (AI) is an...

Government of India and A.P. Moller – Maersk explore opportunities to deepen collaboration for strengthening India’s Maritime Sector

July 3, 2026

NEW DELHI : As part of the Government of India's continued engagement with global maritime industry leaders to accelerate the growth of the country's...