Rs 345-crore cargoes for export to Iran lying at Indian ports

As on Mach 1, rice, tea and pharmaceuticals cargo weighing 35,962 tonne having Free on Board (FOB) value of ₹305.67 crore was lying at Kandla port, which was meant for exports to Iran.

The Directorate General of Shipping is taking significant steps to safeguard the interests of Indian exporters by tackling unreasonable fees imposed by shipping lines. Numerous exporters have reported facing unexpected charges and opportunistic pricing schemes. To counter this, the maritime regulator is insisting that all fees be communicated transparently ahead of time.

Amidst the turmoil of the West Asia crisis, exporters are grappling with an astonishing 300 percent hike in sea freight rates. In response, India plans to ramp up operations of smaller vessels between India and Gulf nations starting April 15. This strategic shift is designed to alleviate the backlog of shipments and mitigate the effects […]

Jawaharlal Nehru Port Authority has formed a multi-departmental task force. This is to ease vessel schedules and export cargo movement. Disruptions are due to the Iran war. Stranded containers at the port have reduced significantly. The task force includes officials from various government departments. JNPA is committed to supporting the EXIM community.

India permitted three Iranian ships to dock at its ports. One vessel, IRIS LAVAN, docked in Kochi on March 4. This humane gesture was appreciated by Iran. The move comes amid rising tensions in the Indian Ocean following the sinking of an Iranian warship. India remains committed to ensuring the nation’s energy security amidst global […]

The number of stranded containers at JNPA has seen a remarkable decline. Authorities are actively collaborating with exporters and shipping companies to streamline operations. With newly implemented procedures in place, trade disruptions are becoming less frequent.

India’s Directorate General of Shipping will soon issue an advisory to shipping lines to curb predatory pricing and excessive surcharges impacting exporters. This move follows allegations of inflated costs for West Asia-bound containers, with concerns that high shipping expenses are making Indian exports unviable.

Customers can discharge at Khorfakkan Port or Fujairah Port

Syama Prasad Mookerjee Port, Kolkata will soon have a Floating Storage and Regasification Unit at Haldia Dock Complex. East Horizon Pvt Limited will establish this facility. The project involves an investment of approximately Rs 260 crore. This will boost LNG handling capabilities in eastern India. It will also support cleaner energy infrastructure development and strengthen […]

India has eased import rules for export shipments returning home. This relief is for 15 days. Vessels can unload cargo at Indian ports without usual procedures. This measure helps traders and shipping lines facing disruptions. Customs will verify details and cancel export incentives for these returned goods. The move aims to support businesses affected by […]