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OCEAN FREIGHT COSTS
West Asia conflict may delay India's chip projectsIndia's ambitious semiconductor projects, including Tata Electronics' Dholera fab, face potential delays due to the West Asia conflict. Log...- A canal without locks? A Latin American mega project aims to challenge the Panama Canal without digging oneMexico’s dry canal project is changing global trade with a bold rail-based route connecting oceans. The Interoceanic Corridor uses a 192-mi...
- Thailand revives $30 billion coast-to-coast corridor to rival Malacca StraitThailand plans a massive "Land Bridge" to connect the Andaman Sea and the Gulf of Thailand. This project aims to offer a new shipping route...
- Strait of Hormuz closure chokes trade and aid for AfghanistanAfghanistan's trade routes are severely disrupted. Conflicts in the Middle East and border closures with Pakistan have crippled businesses ...
- Fishermen are being pushed to the brink by fuel costs in Southeast AsiaRising energy, freight, and supply chain expenses are escalating seafood prices globally. Governments offer aid, but it's stretched thin, i...
- With Chabahar Port in limbo, can India still reach Central Asia and Russia?India's crucial trade route to Russia and Central Asia is at a critical juncture. US sanctions on Iran's Chabahar port create uncertainty f...
- No happy hour yet: Alcohol makers flag cost shock, seek state price hikeAlcoholic beverage makers are urging state governments for price increases. Rising costs for cans and bottles are impacting production. Sup...
- Amazon opens up logistics network to other businesses in challenge to UPS, FedExAmazon is now offering its vast logistics network to other companies. Businesses can use Amazon's services for moving, storing, and deliver...
- US stocks today: Amazon opens up logistics network to other businesses in challenge to UPS, FedExAmazon is entering the logistics market. It will now offer its vast network for businesses to store and ship goods. This move directly chal...
- UltraTech Cement Q4 Results: Profit rises 20% YoY to Rs 2,983 crore; co declares Rs 240/share dividendUltraTech Cement Q4 Results: UltraTech Cement announced a significant 20% rise in its net profit for the fourth quarter. The company also r...
- California oil and jet fuel supply crisis: why are prices hitting $15 jet fuel and $5.85 gas as capacity and supply plunge—how soon can recovery happen?California oil and jet fuel supply crisis is intensifying fast. Jet fuel prices have surged near $15 per gallon. Gasoline has climbed to $5...
- Global Market: BOJ faces policy dilemma as inflation eases but energy risks persistJapan’s core inflation slipped below the Bank of Japan’s 2% target for a second straight month in March, as subsidies and easing food price...
- India Inc ramps up exports as Iran ceasefire reopens Middle East tradeIndian businesses are seizing opportunities after the Iran war ceasefire. Exports are resuming, and factories are returning to full capacit...
- JSL to take 'breakbulk' route for exports amid Red Sea crisisJindal Stainless (JSL) considered using the breakbulk method for shipping due to high container costs and unavailability. The company aimed...
- Government exempts IGST on ocean freight from October 1KPMG Indirect Tax Head & Partner Abhishek Jain said the amendments proposed are aligned with the apex court's ruling in the case of Mohit M...
- Exporters may have great festive season amid withdrawal of GST exemption on outbound international freightThe pandemic resulted in severe supply disruption across the globe, and as result the freight rates are much higher today than it was durin...
- Taxpayers can now claim refund of IGST on ocean freight: Experts on SC judgementTax Connect Advisory Services Partner Vivek Jalan said this is a big relief for importers and GST taxpayers. "In fact those taxpayers who h...
- Mumbai, Kandla ports clog as oil cos clamour for select ports for LPG importsUnder the PDS Kerosene and Domestic LPG Subsidy Scheme of 2002, the government has categorised ports at Kandla, Mumbai, JNPT, Jamnagar, Haz...
- Freight-cost pain intensifies as pandemic rocks ocean shippingIndia was also caught up in the freight-rate issue, but its export lobby group said that the container shortage has eased to some extent on...
- Sugar exported to refineries within SEZ to be eligible for export benefits: GovtThe benefits are under for Maximum Admissible Export Quantity (MAEQ) scheme for the current sugar season 2019-20, which was notified to fac...
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