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October 11, 2023

Israel-Palestine war spells woes for Indian exports

EXPORT, Business, Global Trade, International Shipping, Trade, Trending News
NEW DELHI : Analysts have anticipated increased shipping costs accompanied with higher insurance premiums in wake of the growing Israel -Palestine conflicts. Amidst the recent attacks, trade volumes are expected to be left unaffected,
October 11, 2023

IMF raises India’s Growth forecast to 6.3% for FY24

Trade, Business, Economy, Trending News
NEW DELHI / LONDON : The International Monetary Fund has raised India’s growth forecast on higher consumption even as the global economy is estimated to slow down. The IMF projects India’s GDP to grow
October 11, 2023

With 8% growth, India’s contribution to global GDP would almost be on par with China by 2028 : Barclays

Trade, Economy, Trending News
NEW DELHI : In order for India to become the biggest driver for global growth, even overtaking China, it would need to target an 8 percent growth, according to Barclay’s analysts, India’s growth has
October 11, 2023

WCO participates in 2023 FIATA World Congress – Fostering Collaboration and Advancing Trade

Customs, Global Trade, Logistics, Trade, Trending News
BRUSSELS : From 3 to 6 October 2023, the WCO actively participated in the 2023 FIATA World Congress. The International Federation of Freight Forwarders Associations (FIATA), a Member of the WCO Private Sector Consultative
October 11, 2023

Jiangnan Shipyard delivered the world’s largest 24,000 TEU ultra-large container ship

Ship Building, International Shipping, Maritime, Shipping, Shipping Line, Trending News
BEIJING : On October 9, “MSC CHINA“, the last of the world’s largest 24116 TEU ultra-large container ship series built by Jiangnan Shipyard and China Shipbuilding Trading for CSSC Shipping and MSC, was delivered one month ahead of schedule. The
October 11, 2023

Hapag-Lloyd revises INDAMEX 2 Service rotation

International Shipping, Shipping Line, Trending News
HAMBURG : Hapag-Lloyd has decided to discontinue its vessel calls at Norfolk, US on its INDAMEX 2 (IN2) Service, effective from November 2023. The updated IN2 service port rotation will be as follows: Port
October 11, 2023

CMA CGM axes Chittagong call due to lower demand and port restrictions

International Shipping, Foreign Ports, Ports, Shipping Line, Trending News
MARSEILLE : CMA CGM has halted a direct call out of Bangladesh’s Chittagong Port which it began in April – the latest sign of continuing carrier network changes in a bid to stay aligned
October 11, 2023

Advisory for Trade regarding Check introduced for the Shipping Bill in reference to Nature of Contract

Trending News, EXIM, Export - Import, Trade
NEW DELHI : The Directorate General of Systems and Data Management, CBIC has issued an Advisory dated October 06, 2023, for Trade regarding the Check introduced for the Shipping Bill in reference to the Nature of
October 11, 2023

DGFT releases detailed procedure for the Automatic System-Based Issuance of Status Holder Certificate (e-SHC) without exporter application requirement

EXPORT, DGFT, Trade, Trending News
NEW DELHI : The Directorate General of Foreign Trade (DGFT) has issued Trade Notice No. 28/2023-24 dated October 9, 2023, outlining the detailed procedure for the automatic system-based issuance of Status Holder Certificates (e-SHC). This
October 11, 2023

MOL, MCSI introduce new LNG carrier company

International Shipping, Maritime, Shipping Line, Trending News
JAKARTA : Mitsui O.S.K. Lines, Ltd. (MOL) and PT MCS International (MCSI) have established a new joint-venture LNG carrier manning company in Indonesia. The joint venture intends to start operations in April 2024 and
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