Balita at Update

Trade News

Cogoport Enables Movement of 11 Envirotainer Containers from India to Italy 

Cogoport’s collective logistics and technical expertise came in handy as our operations and technical teams went the extra mile and designed bespoke solutions on the go.

Trade News

India-Malaysia Trade Settlement in Indian Rupee

Malaysia ranks as India's thirteenth-largest trading partner. India and Malaysia had $19.4 billion in bilateral trade in 2021–2022. Traders in both countries will obtain better pricing for goods and services when they begin to invoice the trade in Indian Rupee.

Trade News

India's Foreign Trade Policy 2023

In order to help exporters, overcome their problems, the government is firmly devoted to reducing litigation and encouraging relationships built on trust.

Trade News

Electric Cars Showcased at Auto Expo 2023

The Auto Expo 2023, a one-of-a-kind event, attracted automakers from all over the world to display and officially introduce their new vehicles for the Indian market.

Trade News

Indian Economy Outlook – October 2022

Economies all over the world have adapted to external developments. It is difficult to predict the future as capitalism remains the longest running experiment in recent memory.

Trade News

International Trade Settlement in Rupee

The policy for settlement of cross-border trade transactions in rupee has the potential to bring long-term fundamental benefits in India’s international trade and act as a risk management tool for the RBI.

Trade News

Foreign Exchange: Risk-reward Tightrope

Cross-border trade and uncertainty are inseparable. The risk of foreign exchange rate fluctuation is probably the biggest concern for those involved in international trade. Earning foreign currency, especially the US dollar, helps to pay for imports and narrows the balance of payments of a country.

Trade News

Morbi Ceramic Cluster Takes Production Holiday

The tile and ceramic units based in Morbi had to take a production holiday due to several external factors. Lower demand for containers from ceramic and tiles exporters at Munda port is expected to bring down freight rates for the next month or so.

Trade News

India restricts exports of flour and derivatives

After the ban on wheat in May, India now restricts flour exports and other derivatives. The central government (Centre) has now put restrictions on wheat exports and other related products like maida, semolina (rava), whole meal atta and resultant atta.

Trade News

US now India’s Largest Trade Partner FY 21 - 22

Around the time India inked the Indo-Pacific Economic Framework for Prosperity (IPEF) pact as a founding member with the US, the world’s largest economy surpassed China as India’s top trade partner for the fiscal year 2021 – 22.

Trade News

Ocean carriers seriously eyeing freight pie

Ocean carrier powerhouses CMA CGM, Maersk, MSC, and others-- awash with cash from the past few years--are looking from the high seas up to the sky. They are keen to grab some of the air freight pie as a decent chunk of sea freight is buoying upwards, with shipping line – airline partnerships. Such players include CMA CGM – Air France – KLM, Maersk Air Cargo and MSC’s courting of Lufthansa.

Trade News

Over 90% Export from India to UAE now duty-free

CEPA between India & UAE came into effect on May 1. It aims to increase bilateral trade between both nations to $100 billion by 2030.

Trade News

Trade Update Review - April 5th, 2022

As March transitioned into April, the shipping world learnt through Sea Intelligence that global shipping lines raked in an astounding operating profit of over $110 billion in 2021 while MOL started promoting ships parts recycling from Turkey and a consortium of three ocean carriers launching services to Chennai & Vizag. Meanwhile, the Indian government shared a list of 26 national waterways viable for cargo and passenger movement. Read on to know more.

Trade News

Trade Update Review - March 17, 2022

The first week of March in the world of shipping started off with MOL completing 100 percent acquisition of Utoc Corporation, Oracle introducing new logistics management capabilities and DB Schenker & CMA CGM teaming up to offer regular emission-free ocean freight. However, the Russia – Ukraine war has emerged as a major dampener for global trade, raising shipping costs and disrupting manufacturing.

Trade News

Trade Update Review - March 7, 2022

February ended with PIL launching a new service connecting China and Australia, Hapag – Lloyd unveiling China Germany express service, MOL and partners setting a world record on autonomous navigation and Maersk launching an intermodal freight service linking the Far East to Europe. Closer home, India expects to see 80 percent exports to UAE to be duty free post FTA. Read on to know more.

Trade News

Trade Update Review - February 24, 2022

Operating a bunkering vessel on biodiesel, enabling VGM input on mobile app and widespread availability of end-to-end DP World visibility platform CARGOES FLOW have enlivened the shipping world in the beginning of February’s second half. Other noteworthy developments include MSC emerging as the top feedering provider, CMA CGM vowing to stop carrying plastic waste and first paperless trade finance transaction through TradeLens. Read more

Trade News

Trade Update Review - February 15, 2022

February second week saw ONE adding a new service linking North China and Straits to ZIM enhancing Latin America services, OSRA being introduced in the American Senate, MOL signing a slew of agreements, the Indian government assuring to raise tonnage under its flag and the new SEZ law to be WTO compliant. Read more

Trade News

Trade Update Review - February 8, 2022

The first week of February in the shipping world was eventful with features such as Maersk expanding footprint in Bangladesh, long term contracted ocean freight rates declining marginally, a slew of developments from CMA CGM, findings of schedule reliability dropping to a record low in December and Hapag – Lloyd registering $12.8 EBITDA among others.

Trade News

Budget 2022-23: Logistics & MSME Support Focus

The 2022-2023 Union Budget introduces a slew of measures to further the vision of ‘Atma Nirbhar Bharat’ and pushes economic growth in the lead up to India’s 100 years of independence. Our Finance Minister emphasized the importance of the PM Gati Shakti National Master Plan in building multimodal connectivity and improving logistics efficiency. Read more.

Trade News

Trade Update Review - February 1, 2022

The shipping and maritime industry has witnessed many heartening developments in the form of deployed vessels capacity remaining impressively high during the four-week period starting from the Chinese New Year, fleet anti-grounding alert software system innovation from a Japanese shipping line, OOCL doubling Q4, 2022 revenues, and French CMA CGM subsidiary Ceva Logistics finding a place in the world of high octane Formula 1 racing through the Italian prancing horse, Ferrari. Read weekly trade updates to know more.

Trade News

Thailand shows great trade potential for India

As key players in the South Asia and Southeast Asia geographies, India and Thailand have deep rooted historical, cultural and trade ties. Leveraging its links with Thailand, India can find better access to trade with the $2.3 trillion ASEAN Economic Community market. Read on to know more about the trade potential between the two countries and beyond.

Trade News

Trade Update Review - January 25, 2022

Get the latest updates on key trade, shipping and maritime developments from across the world which occurred in the past one week

Trade News

Latest Freight News from China- 13th Jan, 2022

Authorities in the port city of Tianjin have put up a tiered lockdown. The Port of Tianjin and the airport have suspended pickup operations for all import containers. Truck deliveries from Tianjin to Beijing are restricted. The airport in Xi’an remains closed. The movement of rail and road freight remains restricted. Freight transportation companies and shippers fear labor shortages due to COVID outbreaks. Trucking operations at the Port of Ningbo slowed. Read more on the latest updates from China

Trade News

Pandemic leaves Chinese ports clogged - 2022

The world continues to reel under the Coronavirus pandemic and its multiple waves shaking one country after the other, manifested by the new Omicron variant now. As in most industries, the pandemic has its pronounced impact on the shipping industry as well, especially leading to congestion at Chinese ports, which is also aggravated by other causes. Read on to know the many reasons causing Chinese ports congestion, including if Hong Kong can play a bigger role in logistics.