JNPA Grants Relief Measures by the Waiver of Storage, Dwell Time and Reefer Plug-in Charges for the Middle East–Bound Export Containers
MUMBAI: Jawaharlal Nehru Port Authority (JNPA), India’s largest container port, on Tuesday, has issued a trade notice for immediate compliance by all concerned, to mitigate the hardships faced by port users due to the
JNPA strengthens Trade Support through Coordinated Stakeholder Efforts amid Middle East Disruptions
MUMBAI: Ministry of Ports, Shipping and Waterways (MoPSW) has issued the SOP for all the Major Ports to mitigate the impact of geopolitical disturbance in the Middle East. Accordingly JNPort has constituted a task
Rupee hits all-time low of 92.52 against US dollar amid surge in crude oil prices
NEW DELHI: The Indian rupee opened at an all-time low against the US dollar on Monday amid a sharp surge in crude oil prices and rising demand for the greenback. The rupee opened at
Iran conflict raises new credit risks for emerging markets, including India: Fitch
NEW DELHI: The Iran conflict could raise additional challenges for some emerging market sovereigns, including India, as far as energy imports, remittances, fiscal subsidies, exchange rates and access to international finance are concerned, said
Iran war impacts India’s $11.8-billion food exports to West Asia
NEW DELHI: Prolonged disruption in West Asia will badly hit Indian farmers, food processors and exporters across several states including Karnataka, Telangana, Andhra Pradesh, Punjab and Maharashtra, as India’s agricultural exports are heavily dependent
UAE tugboat sinks in Strait of Hormuz; 3 Indonesian crew members missing
JAKARTA: Jakarta’s foreign ministry on Saturday (Mar 7) said that three Indonesian crew members were missing after a United Arab Emirates-flagged tugboat sank in the Strait of Hormuz on Friday (Mar 6). The ministry
Gandhidham Chamber urges Shipping Lines to Waive Charges amid Global Shipping Disruptions
GANDHIDHAM: The Gandhidham Chamber of Commerce & Industry (GCCI) has urged global shipping lines and port operators to extend temporary relief to the trade community by waiving several charges that have surged amid the
Why have 1,000 ships at times lost their GPS in the Mideast?
PARIS: The global positioning system (GPS) capabilities of cargo ships, oil tankers and other vessels stuck in the Middle East because of the widening war are likely worse than those in your cell phone.