Managing Ship with Largest Parcel Size at Tamil Nadu’s
V. O. Chidambaranar Sets New Standard in Indian Trade

Trade is important for maintaining a competitive global economy because it stimulates invention and promotes marketplaces to become more specialised. The ability to trade also allows standard of living that may be of higher quality and less expensive than their domestic counterpart. In some cases, there may be no domestic alternative, in which case trade […]

How FTA benefits India in terms of new export opportunities

Every country relies on trade to meet demand and introduce newer innovations because no country is self-sufficient in every way. Trade also becomes a significant source of revenue for countries due to taxes and entry barriers. To facilitate trade routes, two or more countries or groups of countries enter into Free Trade Agreements (FTAs), which […]

Maersk intends to form joint venture with Grindrod in South Africa

CAPE TOWN: In order to enhance its capabilities as aglobal integrator of logistics in South Africa, A. P. Moller –Maersk now takes the next step to partner with GrindrodLimited to provide logistics solutions.Through this proposed joint venture, the logisticsactivities of Grindrod Intermodal business and the oceanactivities of Ocean Africa Container Lines (OACL) willcomplement Maersk’s current […]

October Exports up by 35.16% (YoY), Imports jump by 57.32%

Overall Exports April-October rise by 39.83%, Imports leap by 63.64 % NEW DELHI: India’s overall exports (Merchandise andServices combined) in October 2021 are estimated to be USD56.51Billion, exhibiting a positive growth of 35.16 per centover the same period last year and a positive growth of29.13per cent over October 2019. Overall imports in October2021 are estimated […]

CBIC: Easing availability of containers for exporters

The CBIC issued Instruction No. 20/2021-Customs dated September 10, 2021 w.r.t. easing availability of containers for exporters. The CBIC has taken various measures over last year related to the subject cited above including the Special drive for disposal of unclaimed/uncleared/ seized/ confiscated goods vide Instruction No. 17/2020- Customs dated August 10, 2020 which has enabled disposal of […]

In April, India’s oil imports remained flat month on month.

Due to a slowdown in demand as a result of Covid-19-induced mobility restrictions in various parts of the country, India’s crude imports have plateaued in April 2021. According to Petroleum Planning and Analysis Cell (PPAC) data, India imported 18.26 million tonnes (mt) of crude oil paying about $8.5 billion in April 2021, almost the same […]

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