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June 25, 2024

Container Rate Surge enters longest stretch since the Pandemic

EXPORT, Global Trade, International Shipping, Shipping Line, Trade, Trending News
NEW YORK : The spot rate for shipping goods in containers to Europe from Asia rose for a ninth straight week, the longest stretch of rising prices since the pandemic disrupted global supply chains
June 24, 2024

Bangladesh key to India’s neighbourhood first, act East, SAGAR Policy: PM Modi

Maritime, Economy, Global Trade, Logistics, Railway, Shipping, Transport, Trending News
NEW DELHI : Prime Minister Shri Narendra Modi on Saturday said that the state visit of Bangladesh PM Sheikh Hasina to India was special, and that Dhaka is key to India’s Neighbourhood First, Act
June 24, 2024

India’s strong message on Bangladesh’s Teesta project amid Chinese overreach

Maritime, Economy, Global Trade, Trending News, waterways
NEW DELHI : In an effort to edge out China in its strategic backyard, India recently announced that it will send a technical team to neighbouring Bangladesh for the conservation and management of Teesta
June 24, 2024

Russia approves draft logistics agreement to be signed with India

Logistics, Defence, Economy, Global Trade, Trade, Trending News
MOSCOW : After being held up for several years, the India-Russia Mutual Logistics Agreement is ready for conclusion, with Russia approving the draft agreement over the past week. The agreement will simplify military-to-military exchanges for exercises,
June 24, 2024

Gujarat CM approves Rs. 399 crore proposal for construction of two new river bridges in North Gujarat

Infrastructure, Logistics, Trending News
GANDHINAGAR : North Gujarat will witness the construction of two new bridges at a cost of Rs. 399 crore. The two new bridges will be built on State Highway Number 55 and will be
June 24, 2024

Mundra Port battles congestion amid growing box volumes

Container, Container Terminal, EXPORT, Logistics, Private Port, Shipping Line, Trade, Trending News
MUNDRA : Indian importers and exporters are dealing with considerable cargo delays at Mundra Port, which leads the country’s containerised trade. Local trade sources have raised serious concerns over the congestion plaguing Mundra’s container
June 24, 2024

MSC introduces new standalone service connecting Asia and South East India

Export - Import, Logistics, Shipping, Shipping Line, Trade, Trending News
GENEVA : MSC has announced the launch of its new weekly service, Osprey, between Asia and South East India. The Osprey service will offer a direct route and improve transit times between the Asian
June 24, 2024

GST Council proposes to restrict IGST Refunds on Goods Subject to Export Duty

Export - Import, Business, COMMERCE, Finance, Trade, Trending News
NEW DELHI : The GST Council recommended important amendments in Section 16 of the IGST Act and Section 54 of the CGST Act. The proposed amendments seek to restrict the refund of IGST in
June 24, 2024

DGFT and Revenue Dept working on dedicated hubs to boost e-commerce exports

EXPORT, COMMERCE, Economy, Trade, Trending News
NEW DELHI : In a bid to boost India’s e-commerce exports, the Directorate General of Foreign Trade (DGFT) is working with the Department of Revenue to establish designated e-commerce hubs across the country to
June 24, 2024

Commerce Ministry in talks to upgrade FTA with South Korea

Trade, COMMERCE, Economy, Global Trade, Trending News
NEW DELHI : While India gave significant tariff concessions, there’s a push for South Korea to give more meaningful concessions, especially for competitive Indian products. With talks to upgrade the existing Free Trade Agreement
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India Shipping News is an Online Web Portal which delivers fastest and most relevant current news on Shipping, Logistics, Maritime and Export- Import industry.

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