Global import price levels could increase by 11% due to global demand surge and limited supply. Several factors point towards an increase in freight rates while importing goods from China across the next few months. We advise booking freight containers from China now to avoid getting caught up in the upcoming cycle of capacity squeezes.
Gujarat takes the top two honours. Maharashtra and Tamil Nadu also contribute two ports each to the list. India has 12 ‘major’ and more than 200 ‘non-major’ ports. In this piece, we rank the 10 busiest ports in India based on cargo traffic handled by each in 2020-21.
Tracking shipments is a very important aspect of international trade which continues to give jitters to all, especially small and medium enterprises (SMEs). Current progress made on container tracking is not sufficient to meet the requirements of importers and exporters.
The trade knowledge and execution gap in international trade are growing rapidly. UN has consistently estimated that missed opportunities in international trade have cost the world nearly $1.5 trillion dollars annually. More recent estimates indicate that this number has grown to $3.5 trillion dollars.
Learn how Cogoport, an Indian technology startup, can make life easy for traders and SMEs in their international trade journey by offering ocean shipment visibility platform with best-in-class attributes and features.
Find out why Trade Finance is inaccessible to small players and the innovative solutions that are available today. Recent estimates indicate that the trade finance gap has gone up from $1.5 trillion to $3.4 trillion and is a significant barrier to trade.
Shipping lines ferrying millions of tons of goods across the high seas play a key role in the normal functioning of trade and commerce in this ever-globalizing world. Let’s take a short tour of the top seven shipping lines in the world.
Find out about the types of AWBs, their uses, how you can get one issued, and how you can use it to track your air cargo consignment.
Engineering goods remain India’s most exported commodity in 2021 so far while pharma exports have posted a strong showing in the face of the Covid-19 crisis.