freight rates

Kolkata, April 10 The Iran-US conflict has created significant cost pressures and logistical disruptions for India's foundry and castings sector. Pig iron prices have surged by over 13% in three months, and freight rates to key markets have increased by up to 60%, according to stakeholders.The...

New Delhi, April 8 The announcement of a ceasefire between the US and Iran, along with the reopening of the Strait of Hormuz, will provide immediate relief to exporters by easing shipping disruptions, FIEO said on Wednesday.US President Donald Trump announced a two-week suspension of military...

Jammu, April 4 – In a major effort to link Kashmir Valley's fruit industry and parcel trade with national markets, the Northern Railway held a stakeholder meeting to boost rail-based parcel movement from the Valley, officials said on Saturday.Railway officials said that in order to improve the...

New Delhi, April 1 The government has extended fiscal benefits under the RoDTEP scheme for exporters by six months, until September 30, amid disruptions to global trade caused by the ongoing West Asia crisis.The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, launched in...

New Delhi, March 27 The government said on Friday that it has disbursed incentives worth Rs 15,554 crore so far under the production-linked incentive scheme (PLI) for the electronics sector.In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Jitin Prasada said...

New Delhi, March 23 The government on Monday restored full benefits under the RoDTEP scheme to exporters until March 31 amidst the ongoing West Asia crisis disrupting global trade.Last month, the government halved the rate of duty benefits under the Remission of Duties and Taxes on Exported...

New Delhi, March 23 The government on Monday restored full benefits under the RoDTEP scheme to exporters amidst the ongoing West Asia crisis disrupting global trade.Last month, the government halved the rate of duty benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP)...

Bhopal, March 21 The export of basmati and boiled non-basmati rice from Madhya Pradesh to several countries has been severely impacted by the West Asia crisis, stakeholders in the sector said on Saturday.Basmati rice from Raisen and boiled non-basmati rice from Balaghat have a distinct...

New Delhi, March 18 Asian refining margins have turned negative after a brief surge earlier this month, as the ongoing Iran conflict disrupts crude supply chains and forces refiners across the region to cut operating rates.Benchmark Singapore gross refining margins (GRMs), a key indicator of...

New Delhi, March 16: India's ready-made garment export sector has shown resilience, recording positive growth during the first 11 months of the current financial year despite uncertainties in the global market.Reacting to the garment export data released on Monday, Apparel Exports Promotion...

New Delhi, March 15 Exporters and logistics providers are minimizing disruptions caused by the ongoing West Asia crisis by closely monitoring carriers, planning shipments in advance, and exploring alternative routes.The exporting community said that businesses are also adjusting inventory...

Mumbai/New Delhi, March 10 The Directorate General of Shipping, the regulatory body for the shipping sector, has advised shipping companies, vessel operators, and agents to refrain from "predatory, non-transparent, and opportunistic pricing practices" in the wake of disruptions caused by the...

New Delhi, March 9 With exporters facing a surge in sea freight of up to 300 percent due to the West Asia crisis, it has been decided to increase the number of small vessels operating between India and Gulf countries from April 15 to help clear consignments, FIEO director general Ajay Sahai said...

New Delhi, March 7 The commerce ministry has assured that the full benefits under the export support scheme, RoDTEP, will be restored from April 1 this year, providing much-needed relief to exporters facing challenges due to the West Asian crisis, FIEO said on Saturday.Except for agricultural...

New Delhi, March 6 The government will use all policy tools and support measures to help domestic exporters deal with the ongoing West Asia crisis, Commerce and Industry Minister Piyush Goyal said on Friday.He said that the government has set up an inter-ministerial group to look into the...

New Delhi, March 5 Rice exporters have sought urgent government support to mitigate the impact of shipping disruptions caused by the Iran crisis and instability across key maritime routes, according to a representation submitted by the Indian Rice Exporters Federation (IREF).The Federation, in...

New Delhi, March 1 The Ministry of Commerce has convened a meeting of exporters, shipping lines, freight forwarders, and officials from other ministries on Monday to assess the impact of escalating tensions in the Middle East region on India's trade.The US and Israel jointly launched military...