Cabotage relaxation having a positive impact

The recent government decision to relax cabotage for transhipment of ex-im containers at Indian ports seems to be having the desired effect. According to analysts, transhipment of Indian cargo at ports in neighbouring countries has come down and the said volumes at Indian ports have increased. In fact, as per an estimate, there has been
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With the new US sanctions against Iran set to that came into effect from 7th August, the fate of India’s rice and tea exports may now depend on the possible exemption of food and medicines from the sanctions and the agreement on oil imports reached between New Delhi and Tehran. “We are keen to study
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The Union Minister of Petroleum & Natural Gas, Mr Dharmendra Pradhan, has said that India has taken note of the re-imposition of US sanctions on Iran in wake of the US pullout from the Joint Comprehensive Plan of Action on May 8, 2018. Crude oil price fluctuation is a frequent market phenomenon and the price
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GENEVA: Blockchain technology is expected to have a profound impact on trade and transport, according to UNCTAD and the UNECE’s United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT). The technology aims to simplify and streamline trade processes through digitization offering greater transparency, cutting time and costs. In its current form, trade processes require
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US President Donald Trump signed an executive order on May 8, 2018 that will withdraw the US from the Iran nuclear deal and start a 180-day countdown for the Trump administration to re-impose all of the sanctions that were relaxed during the Obama presidency. The Trump administration has given businesses until early November 2018 to
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There is not any evidence yet showing that the shipping sector has been significantly impacted by the escalating U.S.-China trade war, according to the shipping association of one of the world’s most crucial port cities. “In the container segment there is no clear evidence as yet, of any major impact,” Esben Poulsson, president of the
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“The introduction of GST a year ago led to consolidation of multiple taxes, thereby simplifying processes. Its implementation is taking time for customers and logistics companies as they are getting accustomed to the changed systems and the benefits it can offer. Initially, it impacted the inflow of new orders and cash flows, as customers were
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Its close to a year since the implementation of GST, and a significant percentage of the Country’s Chief Financial Officers believe that it had a positive impact on the overall business climate, says a Deloitte survey. According to Deloitte India’s annual CFO Survey, 77 per cent CFOs believe that GST has had a positive impact
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It is almost a year since the implementation of the Goods and Services Tax (GST) in July 2017. The effect of the GST has been largely positive for the road logistics sector and has led to several benefits. As per ICRA’s comprehensive survey covering approximately 50 transport companies pan-India and 15 consumer-oriented companies across various sectors, the
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Shipbuilder Japan Marine United (JMU) is rolling out its latest “JSeries” bulker design which uses technology to overcome negative impact of meeting new regulations. As informed, the J-Series design is initially for Kamsarmax bulkers and complies with the harmonized common structural rules, NOx Tier III regulations, and the 0.5% SOx global cap. An official from JMU
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