India faces container shortage over higher tariffs by US on Chinese goods

The rush to avoid higher US tariffs on Chinese goods has led to a container shortage in India, as empty containers are being shipped to China. This has impacted India’s trade numbers for August and September. However, officials expect the situation to improve in the coming months, aiding Indian exports.

Adani Ports and Special Economic Zone signed a concession agreement to develop Berth No. 13 at Deendayal Port in Kandla, Gujarat. The berth will handle multipurpose cargo and is expected to be operational by FY27. This development will enhance APSEZ’s capabilities on the western coast and service customers in Gujarat and north India.

India is conducting a thorough review of its major ports to identify operational shortcomings and infrastructure deficiencies. The goal is to enhance port capacities, prepare for larger ships, and incorporate green technologies. This initiative aligns with the Maritime India Vision 2030 and aims to optimize cargo handling and ship turnaround times.

JSW Infrastructure plans to borrow ₹1,000 crore to acquire a 70.37% stake in Navkar Corporation and is in talks with lenders like Axis Bank. The company also approved a capex of ₹2,359 crore for expanding its Jaigarh and Dharamtar Ports. The acquisition deal is expected to close by the third quarter of FY25.

Folk Maritime Services Company has launched a new liner service connecting Jeddah Islamic Port in the Red Sea to India’s Mundra and Nhava Sheva ports. This 10-day service, starting in September, aims to strengthen trade ties between Saudi Arabia and India by facilitating the movement of consumer cargo and petrochemicals.

The MoU was signed by Prof. D. P. Goyal, Director of IIM Shillong, and Ajeet Singh, Director of Operations at LPAI.

DHL eCommerce plans to boost its operations in India by 2030 with a ₹250-million investment. This includes expanding its aircraft fleet, opening two major hubs, constructing new facilities, and making local acquisitions. The investment aims to position India among DHL’s top 10 revenue markets globally.

The government has designated Galathea Bay in the Andaman & Nicobar Islands as a ‘Major Port’. This Rs 44,000 crore project will be developed under a public-private partnership model and aims to capture transshipped cargo currently handled outside India. The first phase is expected to be operational by 2028.

The upcoming Vadhvan Port in Maharashtra’s Palghar is set to create 12 lakh jobs and has garnered global interest. Union Minister Sarbananda Sonowal announced this at the curtain raiser for ‘Sagarmanthan: The Great Oceans Dialogue’, scheduled for November 2024 in Mumbai. The port, with a USD 10 billion investment, aims to boost India’s maritime sector.

Russia aims to establish intermediate stops in Vietnam, Thailand, and Indonesia for the Eastern Maritime Corridor, linking Vladivostok with Chennai. This initiative seeks to enhance India’s business ties with the resource-rich Far East. At the Eastern Economic Forum, Russia and India will also discuss joint shipbuilding projects. The corridor’s implementation includes a trans-shipment hub in […]