Import/Export Industry Notifications

On Thursday, the commerce ministry said that the country's exports of marine products dropped to 10.88% to USD 5.96 billion (Rs 43,717.26 crore) during 2020-21 due to the pandemic sluggish overseas markets.

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Exports continue to perform impressively for the third month in a row on the back of good order booking and gradual opening of key global markets: Sharad Kumar Saraf, President, FIEO.

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The terminal has made arrangements to extend Early  Gate-infacility for export containers.

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The US on Wednesday suspended the imposition of retaliatory tariffs against India, the UK, and four other countries that had begun levying digital service tax on companies such as Google and Facebook.

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New data suggests intermodal rail in India could become an attractive mode of freight transport if supported with needed capacity and competitive pricing.

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The past 48 hours saw a raft of schedule omissions, with ONE announcing 12 of its vessels would skip Yantian and nearby Shekou between 30 May and 13 June, and a further two services switching to Nansha, in Guangzhou. Export operations resumed at Shenzhen’s port of Yantian on Monday, but a 20,000 container backlog and slow productivity mean at least another week of delays.

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Maersk Line has established that a failure of its booking systems was not due to a cyber-attack but rather the result of a technical failure. The Danish carrier’s booking site has been down for several hours today, preventing customers from accessing information and booking cargo. Although it is unclear what the problem is, Maersk said it would have restored the site soon.

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With white smoke still billowing from its foredeck, the 2,700 teu X-Press Pearl, not yet four months old, started to sink on 2nd June in waters off Sri Lanka’s west coast. Salvors had managed to attach a tow to the ship, and at the orders of the country’s president, had commenced towing the fire-ravaged box ships to deeper waters.

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Industries employing more than 1,000 people are now required to carry out random, bi-weekly Covid-19 tests on at least 10% of the total staff. In a minor change to the lockdown in Karnataka, the state government has now decided to allow 100% export-oriented units in the state to begin functioning from Thursday with 50% of staff. The move is likely to benefit the garments industry in the state, which employs six to seven lakh people

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