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SHIPPING INDUSTRY
Indian manufacturers turn to air freight as West Asia crisis disrupts sea shipmentsIndian manufacturers are airlifting components to ensure festive season production continuity. Sea freight delays and congestion are making...- US official: We expect a deal soon between Iran and Oman on Strait of HormuzOman and Iran are making progress on Strait of Hormuz issues, with a deal anticipated soon. A United States official stated that commercial...
- Reliance Industries books supertanker at record $23-25 million freight to lift Iraqi crudeReliance Industries paid a record sum to charter a supertanker for Iraqi crude oil. This reflects a limited vessel pool and soaring voyage ...
- Hormuz uncertainty pushes landed costs up to 50%, raising risk of higher consumer pricesThe escalating unrest near the Strait of Hormuz is causing a notable spike in shipping expenses for businesses in India. An increase in fre...
- Vessel traffic through Hormuz dwindles this week as markets watch Iran-Oman talksShipping traffic through the Strait of Hormuz has significantly decreased this week. Markets are closely watching Iran and Oman talks for w...
- Oil Price Today (August 7): Crude oil rises above $83 as Strait of Hormuz deadlock continues. Here’s whyOil prices climbed for a second session on Friday due to renewed Hormuz Strait concerns. Iran proposed restricting hostile vessels and impo...
- Britannia net jumps 14%, sales touch Rs 5,000 crore in Q1Britannia Industries saw net profit rise fourteen percent in the June quarter. Sales increased eight percent to five thousand crore rupees ...
- Proposed Hormuz passage deal not feasible for shipping industry, sources sayA proposed Iran-Oman deal for Strait of Hormuz control faces significant challenges. U.S. sanctions and restrictive insurance clauses imped...
- Europe swelters as heat wave grips continent, Italy issues nationwide red alertItaly issued its highest heat alert across major cities as Europe faced extreme weather. Record temperatures were recorded in Austria, whil...
- Andhra govt eyes up to Rs 9 lakh crore investment in Visakhapatnam Economic RegionThe Andhra Pradesh government plans to attract Rs 9.3 lakh crore for the Visakhapatnam Economic Region. State investment will range from Rs...
- White House set to extend Jones Act waiver as Trump hunts for cheaper gasolineThe White House plans to extend a Jones Act waiver to reduce gasoline prices. This waiver increases shipping flexibility and eases transpor...
- China eases controls on fuel exports for a second monthChina has increased refined fuel export allowances for August, allowing 2.7 million tons to be shipped. This represents a rise from July's ...
- Tehran may allow Europe to clear mines in HormuzIran may permit European nations to clear mines from the Strait of Hormuz. This potential shift could aid peace talks and normalize shippin...
- India pharma sector to miss 2030 sales target amid tariff and shipping woes, trade body saysIndia's pharmaceutical industry is expected to reach$80-90 billion by 2030, well below its earlier$130 billion target, as U.S. tariff uncer...
- India's fuel exports hit 1-year high in July on strong diesel marginsIndia's fuel exports hit a one-year peak in July, driven by strong diesel margins. Russia's diesel export ban and global supply voids creat...
- Saudi oil tanker heads to India as Red Sea, Hormuz traffic slows amid attacksUS Iran war: A Saudi crude tanker carrying 2 million barrels is headed to Sikka port where Reliance Industries receives most of his cride o...
- GSTN puts proposed e-way bill changes on hold after industry feedbackGST Network has postponed two e-way bill system enhancements. These changes were scheduled for implementation starting August 1. Industry f...
- Exporters flag West Asia crisis concerns to GoyalIndian exporters face order uncertainty and higher logistics costs due to the West Asia crisis. Overseas buyers are cautious, seeking exten...
- Reliance ramps up diesel exports to Europe, Brazil in July, sources sayReliance Industries sharply increased diesel exports to Europe and Brazil in July as global fuel markets tightened following the US-Iran co...
- Why is Oman proposing a new plan to manage the Strait of Hormuz?Oman has proposed a regional management plan for the Strait of Hormuz. This plan suggests voluntary fees to cover operational costs and ser...
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