Textile and garment exporters have sought measures by the Union government to address the issue of container shortage.
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Ship availability hit by quarantine norms; pile-up of goods is leading to default of export commitments
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The US Federal Maritime Commission (FMC) has asked eight of the major global ocean carriers – CMA CGM, Hapag-Lloyd, HMM, Matson, MSC, OOCL, SM Line and Zim – to provide details about their congestion and related surcharges
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Since July 20, community-spread infections have been confirmed in about 30 cities across China, including Beijing, Shanghai and Chongqing. Apart from the three provincial-level metropolises, infections have been found in 12 provinces and autonomous regions such as Sichuan, Henan and Yunnan. The south of the nation has been in lockdown for nearly a month with massive ship queues building in the South China Sea.
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For a country that has a contribution of less than 5% in global trade, India's dream of achieving a $1- trillion exports target by 2025 mandates a closer look at what we export and what more we should.
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In a bid to boost the economy of the region, the cargo services were launched at Dibrugarh Airport on Tuesday.
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Uploading of e-BRC by 15.09.2021 for shipping bills with LEO upto 31.03.2020 on which RoSCTL scrip has been claimed from DGFT RAs.
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Online Procedure for transfer of Advance Authorisation/EPCG Authorisation in case of amalgamation/de-merger/acquisition etc. -reg
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OVERWEIGHT SURCHARGE (OWS) applicable as from Aug 4th, 2021 (date of loading in the origin ports) until further notice. Applicable on EPIC service from India to XTRADE and LATAM trade.
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In a continued effort to provide its customers with reliable and efficient services, CMA CGM informs its customers of the Peak Season Surcharge
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Congested Asia-US ocean supply chains have left shippers battling to match import levels with high consumer demand.
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Airfreight rates ex-China are soaring after Covid cases prompted the closure of Nanjing Airport
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Exporters plan production cut; lose European market to Turkey As soaring freight rates to the US and South America turn almost at a par to the value of the product shipped
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"Freight rates are surging continuously. As a result, the charges for containers are increasing between $500 (Rs 37,000 approx) to $800 (Rs 59,000 approx) every fortnight,” said Ashwin Nayak, founder chairman, Federation of Indian Spice Stakeholders (FISS).
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India exported goods worth a record $35.2 billion in July, signalling that the rapid economic recovery in key Western markets is increasing demand for Indian products.
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China is the biggest importer of Indian salt, with nearly 50 lakh tonnes being shipped there annually. However, this has reduced to just 15 lakh tonnes from June 2020 to June 2021 compared to 50 lakh tonnes in the comparative period the year ago.
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The Adani Logistics Services, a subsidiary of the Adani Group, has decided to shut its inland container depot, or dry port, at Kila Raipur in Ludhiana district as its operations have been suspended since January due to the farmers’ dharna at the entrance of the facility.
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Shipping will need to start to make contingency plans if cases of Covid-19 continue to escalate in China, the world’s most important nation for shipping movements.
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India will aim to more than double its annual goods and services exports to over $1 trillion by FY26 under the new foreign trade policy (FTP), as it seeks to tailor its policies suitably to cash in on an expected rebound in global economic growth, sources told FE.
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Exports from the Special Economic Zone (SEZ) of Indore rose by 21.5% to Rs 3,103.32 crore during the first quarter (April-June) of the current financial year driven by a spurt in demand for life-saving drugs during the COVID-19 pandemic.
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Request to send trade-related issues faced by Indian Exporters in the UK
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Chittagong Port faces the most critical situation in its history, with more than 40,000 teu lying in yards for nearly two weeks and more than two dozen vessels at the port area for over a week.
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The Central Board of Indirect Taxes and Customs (CBIC) has carried out away with the renewal of authorised financial operator (AEO) certification after every three years for Tier 1 or T1 stage entities, it stated in a notification issued Saturday.
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The shipping lines are quoting four to five times the regular price of about 1,500 to 2,000 US Dollars for various global destinations. The Building Material Special Economic Zone at Gullapalli in the district alone has more than 400 containers of processed material ready for shipping to various countries.
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Seeks to amend notification No. 48/2017-Customs (ADD), dated the 9th October, 2017 to extend the levy of Anti-Dumping duty on ' Wire Rod of Alloy or Non-Alloy Steel ' originating in or exported from China PR up to and inclusive of 31st January, 2022.
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India's textiles exports in 2020 stood at $29.61 billion, while the shipments of Bangladesh, Vietnam, and Cambodia in that year were aggregated at $37.95 billion, $37.10 billion, and $7.77 billion, respectively
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Exporters have called on the government to ask Indian shipping lines to lease containers, as a worldwide supply chain imbalance has led to skyrocketing freight prices.
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The container operations at the Port of Houston seem to return to normal, with the port stating that Bayport and Barbours Cut Container Terminals have opened to truck traffic.
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Export related Pre-Budget Proposals for Pre-Budget Exercise of the Union Government for the year 2022-23 are invited, duly filled up in the prescribed Proforma — I & II
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Bangladesh has become India’s fourth-biggest export destination in the current calendar year. India’s exports to the neighbouring country have increased 46% annually at $3.16 billion during January-March 2021.
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Bangladesh has become India’s fourth-biggest export destination in the current calendar year. India’s exports to the neighbouring country have increased 46% annually at $3.16 billion during January-March 2021.
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Criticism is ascending over a lack of information following Belgium’s rail network disturbances by the severe flash floods that hit Northern Europe a fortnight ago.
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Trade issues relating to Market Access/Non-Tariff Barriers/Rules of Origin, etc., faced by Industry with Korea and Japan while making trade with these countries-regd
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Foreign Trade Policy 2015-20-Introduction of online Deemed Export Application Module
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Issuance of Export Authorisation for SCOMET Items from new online Restricted Exports IT Module w.e.f. 05.08.2021- reg
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The US has said that its apple exports to India have been disrupted due to New Delhi's decision to mandate 'non-GM (genetically modified) origin' and 'GM-free' certificates for certain agricultural imports and has proposed that the measure be withdrawn.
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A shortage of containers and increased freight charges are adversely affecting exports from Kolkata, causing apprehensions of substantial financial and business loss, exporters said on Tuesday.
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Hapag-Lloyd announced on June 24 that bookings for cargo moving into Bangladesh via Singapore would not be possible for the next four weeks due to an increased backlog of containers destined for Chattogram at the transshipment port.
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According to the five-member Cargo Integrity Group (CIG), the IPPC has become impatient with the maritime industry, which was meant to develop a workable plan to deal with the spread of pests like the Khapra beetle, Asian gypsy moths and fire ants.
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Amendments in the Appendix -3B, Table 2 of the Merchandise Exports from India Scheme (MEIS)-reg.
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Amendments in the Appendix -3B, Table 2 of the Merchandise Exports from India Scheme (MEIS)-reg.
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South Africa has declared a second force majeure at its port terminal operations in a month, following a cyberattack that crippled Transnet Port Terminals (TPT) ICT systems and forced the port operator to resort to manual systems.
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According to a public notice of the commerce ministry, the government on Tuesday extended export benefits under MEIS to two pharma products for shipments made from January 1, 2017, to December 31, 2020.
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A. Sakthivel, Chairman of Apparel Export Promotion Council and Federation of Indian Export Organisations, said Tamil Nadu should come out with a separate export policy.
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India’s average applied import tariff dropped to 15% in 2020 from as high as 17.6% in the previous year, recording the sharpest annual fall in about a decade and a half.
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According to a high-level decision, the government is to ease import restrictions on several product categories required to manufacture value-added and export-based products for the export market while retaining the ban on vehicle and non-essential imports.
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Andhra Pradesh, the country’s second-largest exporter of coffee, exported coffee worth $142 million in the financial year 2020-21. The State government is encouraging coffee production in Araku valley and other places for the past few years.
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The CBIC has, with effect from July 23, 2021, abolished the requirement of periodic renewals of Licence/Registration issued to Customs Brokers and Authorised Carriers. In addition, the CBIC has amended the Customs Brokers Licensing Regulations, 2018 and Sea Cargo Manifest and Transhipment Regulations, 2018, to state that all such existing licenses/registration would have lifetime validity.
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Seeks to amend notification No. 50/2017-Cus dated 30.06.2017 to reduce the basic customs duty from 10% to Nil on Lentils (Masur) [HS 0713 40 00] and to amend notification No. 11/2021-Cus dated 1.02.21 to reduce the Agriculture Infrastructure Development Cess on Lentils (Masur) [HS 0713 40 00] from 20% to 10%
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The ongoing lockdown in Bangladesh has started taking a toll on the shipping sector, especially on port yards, creating severe congestion as importers are hardly delivering containers.
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The Board of Port Authority, formed under the Major Ports Authority Bill 2020, will now fix tariffs, which will act as a reference during bidding for public-private-partnership (PPP) projects.
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2020-21, India exported fruits and vegetables valued at ₹11,019 crores. The first consignment of vegetables and fruits from Uttarakhand, including curry leaf, okra, pear, and bitter gourd, sourced from the farmers of Haridwar, was exported on Monday to Dubai.
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Revision in Market Access Initiative Scheme on Submission of claims related to expenditure incurred on statutory compliances abroad –Regarding.
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More freight delays are expected in China this week after typhoon In-Fa forced the closure of Shanghai’s container port and airport over the weekend.
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Congestion on Europe’s inland waterways is at its lowest since 20 April, but two sunken vessels continue to cause delays at Liege, and now new storms are threatening the region.
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The US President Joe Biden signed a sweeping order directing the Federal Maritime Commission (FMC) to crack down on ‘unjust and unreasonable fees’ in the ocean shipping industry. This was due to spiralling freight levied by global shipping lines due to various surcharges, which, in turn, was hurting American trade. Can the Indian government intervene and arrest the rising freight rates paid by the country’s trade for moving cargo containers by sea?
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The Indian Railways administered the trial run with a high-speed train on the 34.5 kilometre-long tracks between the two small cities last week. A formal nod from the Commissioner of Railway Safety is expected soon.
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The Ministry of Railways has decided to grant concession on regular haulage charge per twenty-foot equivalent unit (TEU) for movement of empty specialized tank containers used for transportation of bulk cement, aimed at encouraging shipment of the product by rail.
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Important - Continuation of the Market Access Initiative Scheme - reg.
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India cracked into the top ten list of agricultural produce exporters in 2019 with a notable share within the export of rice, soya beans, cotton and meat, according to a World Trade Organisation (WTO) report on trends in world agricultural trade in recent 25 years.
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Typhoon In-Fa is expected to make landfall in the eastern or northeastern coastal areas of Zhejiang province, south of Shanghai, between the afternoon and night on Sunday.
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North American companies are signalling that they will need to build up larger inventory buffers to meet strong US consumer demand, something that will keep up pressure on ocean freight.
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A media release issued by EEPC India on Friday said that while engineering goods exports from India to most key nations recorded high double-digit growth in June, mirroring global trade recovery, shipments to China, Singapore and Malaysia fell sharply during this period.
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Transnet, the operator of South Africa’s major ports and a national freight rail line, was hit by a major cyber-attack on 22nd July 2021. It has disrupted Cape Town and Durban operations, which have also been harmed by a period of civil unrest in the country this month.
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Industry bodies from coastal Karnataka have expressed concern over the collapse of critical road infrastructure connecting Mangaluru to the rest of the State, especially Bengaluru. This follows the landslide at Shiradi ghat section of National Highway (NH) 75 (which connects Mangaluru to Bengaluru) on July 22 due to the heavy rainfall in the ghat region.
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The Maldives and India have on Thursday signed a Memorandum of Understanding on the exchange of pre-arrival information for trade facilitation and control of customs.
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As per Circular No. 15/2021-Customs dated 15th July, 2021 to its field formations regarding Implementation of RMS for processing of Duty Drawback claims.
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Foreign buyers have started canceling the shipments boarding from India because the exporters cannot avail any containers leading to consignments lying at various ports for weeks together.
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With traditional buyers of Indian onions hesitating to place orders because of the Centre banning exports in September last year and in December, Pakistan is the major gainer as it offers the bulb at a price lower than India.
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CMA CGM experienced severe operation delays in TUNIS / RADES, cumulating an average port stay of 25 days. As a result, TUNIS / RADES cargo evacuation treatment from our MALTA Hub is seriously affected. CMA CGM will be implementing a temporary stop booking for new shipments to TUNIS/RADES with immediate effect and until further notice
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All import and export-oriented products are to come under scanning system at Chittagong port with the aim of building a safe port system with modern technology.
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China suspects coronavirus traces on the outer packaging of the frozen shrimp exported from India. Each of these containers, on average, has 16 tonnes of frozen shrimp. These exports belong to 50 seafood export companies from the country, and of them, 25 are from Andhra Pradesh.
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Bangladesh’s merchandising industry is going through a 19 days operation suspension owing to the Eid-ul-Azha festival, and pandemic linked strict lockdown.
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The lockdown in Ho Chi Minh City (HCMC) was extended for two weeks on Sunday, alongside the 19 other cities and provinces making up the entire southern region.
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The Vietnamese government put the whole southern region into lockdown on Sunday as Covid-19 cases have soared recently. Ships are backing up Yantian-style off southern Vietnam as Covid-19 wreaks further havoc on Asian supply chains.
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Non-basmati rice exports are likely to exceed last fiscal's record shipments of 13.08 million tonnes (mt) or at least remain around that level, according to trade and industry experts. Besides record non-Basmati loads, India, the world's largest rice exporter, also exported 4.6 mt of Basmati rice.
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After the beginning of the domestic cargo terminal (DCT) at the city airport on June 1, the monthly cargo movement had seen an increase of nearly 200 metric tons (MT) compared to the volume when cargo operations were conducted through the temporary arrangement.
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Enlistment as designated port in Para 2.54(d) (iv) of Handbook of Procedure, 2015-20
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According to the trade data released by the country, China’s steel exports rose 23% in June to 6.5 million tonnes (mt) from the preceding month (75% from a year ago) despite the removal of export rebates.
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Nearly two million people are working in different segments of the textile industry in Surat, which includes composite mills, spinning and weaving units, processing houses and about 400 textile trading markets.
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Extension of Date for Mandatory electronic filing of Non-Preferential Certificate of Origin (CoO) through the Common Digital Platform to 01st Oct 2021
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Congestion across North Europe ports is forcing short-sea operators to deploy significantly more capacity just to maintain schedule reliability.
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Clarification regarding applicability of IGST on repair cost, insurance and freight, on goods re-imported after being exported for repairs, on the recommendations of the GST Council made in its 43rd meeting – reg
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Seeks to amend notification No. 45/2017-Customs dated 30th June, 2017, to clarify leviability of IGST, on recommendation of the GST Council.
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Seeks to amend notification No. 46/2017-Customs dated 30th June, 2017, to clarify leviability of IGST, on recommendation of the GST Council.
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The situation appears to be normalising, and the port terminals are back in operation. However, to ensure the optimal operation at the port and facilitate cargo flow, both imports and exports, MAERSK encourages all customers to release shipments and alleviate any impact on port congestion.
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The country’s customs houses and customs stations will remain open to facilitate export and import activities during the Eid-ul-Azha holidays.
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Chilli maintained to be the most sought after in the spices export basket, enabling India’s spices shipments to top the $3.5 billion mark in total exports during the 2020-21 fiscal. In 2019-20, the figure was $3.03 billion.
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The second amendment to the Railway Services Agreement (RSA) between Nepal and India earlier this month has finally come as good news for those who are concerned about the transit rights of a landlocked country like Nepal.
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Shanmugham said that the shipping price increase is due to the impact of the COVID-19 pandemic that includes shortage of labour, congestion at ports and quarantined cargo.
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Merchandise exports in June 2021 increased by $32.50 billion, 48.34% higher than the $21.91 billion recorded in June 2020 and 29.85% higher than the June 2019 mark of $25.03 billion.
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On Monday, the government announced the launch of the National Logistics Excellence Awards, which will highlight best practices, including consolidation, process standardisation, technological upgrade, digital transformations and sustainable practices in the logistics sector.
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On Tuesday, the central government decided to increase the stock limit on pulses wholesalers and millers and exempt importers from the same. Responding to the decision, pulses prices increased by 1% to 2% in the spot markets across the country.
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CMA CGM has decided to stop accepting bookings for the ports of Tunis and Rades in Tunisia "with immediate effect and until further notice" due to the severe operation delays.
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The railways have decided to run MEMU express special trains between Kakinada Port and Visakhapatnam
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Merchandise exports shrugged off the Covid impact to surge by 48% in June from a year before, while imports staged a smart rebound with a 98% jump, signalling a recovery in both external and internal demands even though the growth was aided by favourable base effect.
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DGFT seeks inputs for the Foreign Trade Policy Agenda (2021-26)
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Because of the shortage of containers in Rajasthan amidst the pandemic, a special train carrying 180 shipping containers from Mundra port in Gujarat will arrive here on Saturday.
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