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DGFT notifies about modifications to FTP provisions related to the IEC.

Recently, the Indian Foreign Trade Directorate General (DGFT) announced modifications to provisions of Chapter 1 and Chapter 2 of the Foreign Trade Policy 2015-2020 pertaining to the Importers-Exporters Code (IEC). [...]

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The shifts in the market make 2021 unpredictable, the CEO says- Sea Intelligence

The transition was not due to the COVID-19 pandemic but to the response of the carriers. This was the perspective taken from the webinar “Container Shipping Outlook: Analysis of the Trans-Pacífic” [...]

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Shipping Ministry Is Framing Rules For Recycling Vessels

Shipping Ministry is making rules for the ship recycling industry – which is at present at 4.5 million tonnes per annum (mtpa) capacity and is expected to double by 2024. [...]

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Export sector critical for achieving $5 trillion economies: FIEO

Supply-side difficulties should be tended to at the most punctual to guarantee sound development in the fare area. As indicated by the Federation of Indian Export Organization (FIEO), an 8 [...]

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Rajya Sabha has passed a bill to grant greater autonomy to 12 major ports.

Parliament has passed the Major Port Authorities Bill, 2020. Shri Mansukh Mandaviya, Minister of State (I/C) for Ports, Shipping &Waterways moved the bill in Rajya Sabha and it was passed. [...]

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Incoterms Lesson: The Danger of Using Ex Works for Your Exports

In our experience, many U.S. merchants, exporters, and financiers don’t comprehend Incoterms rules. They frequently don’t comprehend the definitions or the dangers and obligations of even their #1 sales terms [...]

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Rates suffering for ocean shippers set to persist after Chinese New Year

Shippers face a lot more long stretches of expanded cargo rates, as ocean carriers do not indicate facilitating their methodology of keeping limit tight and preferring lucrative spot cargo. With [...]

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Finance Minister proposes 3 New DFC of 4,000 Kms

With center around the business and better network for cargo transportation, Union Finance Minister Nirmala Sitharaman reported three new Dedicated Freight Corridors (DFCs) of roughly 4,000 km. While introducing the [...]

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Containership schedule reliability at the lowest level since records began.

Global container service scheduled reliability has declined to its lowest levels since records began, according to new data from SeaIntelligence Consulting. The expert’s most recent timetable dependability information for December [...]

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India Joins World Logistics Passport To Boost Trade

The World Logistics Passport (WLP), a significant strategy activity set up to expand exchanging openings between developing business sectors, has reported India, Indonesia, and South Africa as individuals. They join [...]

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