Import/Export Industry Notifications

Back-to-back typhoons and surging shipping demand have meant lengthy vessel delays for ocean freight out of Asia. According to Resilience360, Typhoon Haishen made landfall south-east of Gangneung in South Korea on 7 September, following Typhoon Maysak, which struck near the port of Busan on 3 September with winds of 100 mph. Supply chains in east Asia are still facing impacts ranging from congested ports to closed production plants.

Click Here To See The Official Notification

India will now export pomegranate to Australia following completion of the required protocols after months of negotiations between the two sides. While Australia already produces pomegranates, India is well placed as one of the world’s largest pomegranate producers to meet shortfalls in the Australian market.

Click Here To See The Official Notification

Bharat Mumbai Container Terminals (BMCT) is the facility run by Singapore’s PSA International Pte Ltd at Jawaharlal Nehru Port Trust (JNPT) near Mumbai. BMCT has launched a digital online payments solution for Direct Port Delivery (DPD) customers with ODeX. BMCT’s DPD customers will now be able to process their documentation and pay terminal handling charges on the ODeX platform from September 15, 2020

Click Here To See The Official Notification

India has begun an anti-dumping probe in the imports of certain flat rolled products of aluminum originating in or exported from China based on a complaint by Hindalco Industries NSE -1.31 % alleging injury to the domestic industry due to the dumped goods. The Directorate General of Trade Remedies (DGTR) will probe the dumping from FY17 to December 2019. The alleged dumping has led to price suppression and depression on the domestic industry.

Click Here To See The Official Notification

Recently, the export price of Indian dried chillies to China has increased. The main reason is that, on the one hand, India’s domestic stock is gradually decreasing. On the other hand, the economic recovery of major importing countries such as China is gaining momentum; especially the catering industry has started to recover after a long period of inactivity, which makes the market's demand for condiments and other raw materials to begin to increase.

Click Here To See The Official Notification

Auto component makers are looking to shore up exports and cut down on imports as they seek to reduce vulnerability to currency swings and become self-reliant. Top executives at various auto component firms said exports, which have been intrinsic to the overall strategy, will likely increase at a rapid pace over 2-5 years. These firms, however, will continue to import high volume, low-value parts, as making them in India is financially unviable given higher logistics and power costs.

Click Here To See The Official Notification

Singapore-based Scoot is removing seats from A320 aircraft for regional freight operations, while SpiceJet has used a reconfigured A340 to fly to Europe and Africa. Traditionally, low-cost carriers (LCCs) have shown scant regard for cargo. Many have not bothered with it at all, lest the loading/unloading disrupt tight turnaround times.

Click Here To See The Official Notification

Sydney’s storage areas for empty containers are full, further jamming-up Australia’s stretched supply chains. Bad weather, vessel schedule alterations and industrial action at ports have all contributed to worsening congestion at the facilities since July.

Click Here To See The Official Notification

Sydney’s storage areas for empty containers are full, further jamming-up Australia’s stretched supply chains. Bad weather, vessel schedule alterations and industrial action at ports have all contributed to worsening congestion at the facilities since July.

Click Here To See The Official Notification