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Trade News

Trade Update Review - April 5th, 2022

As March transitioned into April, the shipping world learnt through Sea Intelligence that global shipping lines raked in an astounding operating profit of over $110 billion in 2021 while MOL started promoting ships parts recycling from Turkey and a consortium of three ocean carriers launching services to Chennai & Vizag. Meanwhile, the Indian government shared a list of 26 national waterways viable for cargo and passenger movement. Read on to know more.

Industry Trends

Ship Now Pay Later, salve for cash-strapped SMEs?

India’s MSMEs have the potential to spur growth and help India become a $5 trillion economy. However, they lack financial support and lack of access to capital to fulfil their potential. There has been a recent surge in innovative solutions to tackle this issue. Cogoport launched a Ship Now Pay Later facility for importers and exporters through which customers can avail payment cycles for up to 90 days. Read more.

Guides

Export packaging: Integral Part of Shipping

Industry standards compliant export packaging is a crucial part of international trade. The job of a shipper or exporter doesn’t end with just manufacturing world-class products but also adhering to country-specific and international standards while wrapping his wares for onward shipment through a vessel, aircraft, or a truck for the ultimate buyers. Failing to do so can lead to heavy fines and massive delays, coupled with disrepute. Read on to know the key role of export packaging in international trade.

Trade News

Trade Update Review - March 17, 2022

The first week of March in the world of shipping started off with MOL completing 100 percent acquisition of Utoc Corporation, Oracle introducing new logistics management capabilities and DB Schenker & CMA CGM teaming up to offer regular emission-free ocean freight. However, the Russia – Ukraine war has emerged as a major dampener for global trade, raising shipping costs and disrupting manufacturing.

Trade News

Trade Update Review - March 7, 2022

February ended with PIL launching a new service connecting China and Australia, Hapag – Lloyd unveiling China Germany express service, MOL and partners setting a world record on autonomous navigation and Maersk launching an intermodal freight service linking the Far East to Europe. Closer home, India expects to see 80 percent exports to UAE to be duty free post FTA. Read on to know more.

Trade News

Trade Update Review - February 24, 2022

Operating a bunkering vessel on biodiesel, enabling VGM input on mobile app and widespread availability of end-to-end DP World visibility platform CARGOES FLOW have enlivened the shipping world in the beginning of February’s second half. Other noteworthy developments include MSC emerging as the top feedering provider, CMA CGM vowing to stop carrying plastic waste and first paperless trade finance transaction through TradeLens. Read more

Trade News

Trade Update Review - February 15, 2022

February second week saw ONE adding a new service linking North China and Straits to ZIM enhancing Latin America services, OSRA being introduced in the American Senate, MOL signing a slew of agreements, the Indian government assuring to raise tonnage under its flag and the new SEZ law to be WTO compliant. Read more

Trade News

Trade Update Review - February 8, 2022

The first week of February in the shipping world was eventful with features such as Maersk expanding footprint in Bangladesh, long term contracted ocean freight rates declining marginally, a slew of developments from CMA CGM, findings of schedule reliability dropping to a record low in December and Hapag – Lloyd registering $12.8 EBITDA among others.

Trade News

Budget 2022-23: Logistics & MSME Support Focus

The 2022-2023 Union Budget introduces a slew of measures to further the vision of ‘Atma Nirbhar Bharat’ and pushes economic growth in the lead up to India’s 100 years of independence. Our Finance Minister emphasized the importance of the PM Gati Shakti National Master Plan in building multimodal connectivity and improving logistics efficiency. Read more.