India: Cargo traffic at major ports rises 4% in Apr-June

The major ports in the country witnessed 3.91 per cent rise in cargo traffic to 174.02 million tonnes in the April-June quarter this fiscal. “The major ports in India have recorded a growth of 3.91 per cent and together handled 174.02 million tonnes (MT) of cargo during the period April to June, 2018 as against
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U.S. crude oil exports to India hit a record in June and so far this year are almost double last year’s total as the Asian nation’s refiners move to replace supplies from Iran and Venezuela in a win for the Trump administration. U.S. President Donald Trump’s administration has been pressuring its allies to cut imports
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NEW DELHI: India and South Korea signed 11 agreements recently to expand business ties and more than double mutual trade to $50 billion by 2030. Bilateral trade between the world’s seventh and 11th largest economies rose by nearly a quarter to $20.8 billion in the 2017/18 fiscal year that ended in March, with $16.4 billion
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GENEVA: G20 members including India and the U.S. have applied as many as 39 new trade-restrictive measures such as higher duties and taxes as also stricter customs procedures during seven months to mid-May, a WTO report has said. The trade-restrictive measures in G20 economies have doubled compared to the previous review period, the report added.
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NEW DELHI: India and South Korea will reduce duties on 11 tariff lines in a bid to expand bilateral trade by updating their existing free-trade agreement, called the comprehensive economic partnership agreement (CEPA). “Both countries have agreed to tariff concessions on 11 lines,” said an official in the know of the details. The revised CEPA
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July 3, 2018: Acumen Overseas, a subsidiary of Group Concorde and the Ethiopian Airlines recently awarded certifications to their top agents in India. The winners included TS India Logistics Solutions, Kuehne +Nagel, Ceva Freight (India), Bollore Logistics India and Kintetsu World Express (India). Prithviraj Singh Chug, director of Group Concorde thanked the agents for their
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Maersk Line, the global containerised division of the Maersk Group, has announced its successful execution of first mile service for imports of live apple saplings from Verona, Italy to Sonepat, India for a leading importer of apple saplings. This was a first ever store-door of reefers handled successfully by Maersk Line where intermodal transportation, Customs
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 Union Minister Radha Mohan Singh has asked Uzbekistan to consider importing sugar and other farm items such as wheat, muslin, potato and mangoes from India. Currently, India imports green gram (moong), natural gum, walnut, chickpeas, and juices from Uzbekistan. Imports of farm products was among other issues discussed by Agriculture Minister Radha Mohan Singh in
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The Government has started discussions for sale of the Air India building at Nariman Point, Mumbai, to the Country’s biggest Container port Jawaharlal Nehru Port Trust (JNPT) as part of efforts to raise funds for the cash-strapped national carrier, said people familiar aware of the development. The people said that the proposal for Air India
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 This month APM Terminals India Pvt. Ltd became one of India’s first Inland Service providers to receive the internationally recognized security standard, Authorized Economic Operator (AEO) from the World Customs Organization. The aim of the AEO program is to prevent unlawful trade across borders and facilitate legitimate trade designates. The AEO certification acknowledges APM Terminals
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