Import/Export Industry Notifications

Carriers are dropping calls at second-tier Chinese ports as congestion at marine terminals builds and container services suffer delays due to ongoing woes at some clogged US and European ports.

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At the major North American container gateways, congestion levels are now suspected of persisting until the summer, as the consumer-driven import boom continues. According to new data from PIERS, April set new records, which recorded 31% year-on-year growth in containerised imports to the US from Asia.

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Sri Lanka’s Marine Environment Protection Authority (MEPA) has warned that the fire-stricken X-Press Pearl could be about to sink, even as efforts to control the blaze by the Sri Lankan navy and Indian coastguard continue.

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Exporters of Punjab are in a dilemma as they are fighting multiple battles. Labour shortage, high steel prices, an exponential rise in ocean freight, and container shortage are hounding them. The waiting period for containers nowadays is 5-10 days as compared to 0-1 day during the pre-Covid times.

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Shenzhen's Yantian Port said that it would suspend accepting heavy export containers from 22:00, Tuesday to Thursday after the port's container yard was clogged following the discovery of several coronavirus cases at the port.

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Industry officials told Reuters on Wednesday that Indian sugar mills have started selling sugar without the support of government subsidies, which could lift exports by 14% from a year ago to a record 6.5 million tonnes in 2020/21.

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India’s exporters are not complaining about the order book, despite some hiccups in recent weeks due to lockdowns across states.

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On Monday, the Ministry of Agriculture and Farmers Welfare said that India and Israel have signed “a three-year work program agreement” for development in agriculture cooperation.

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Regarding updation of IFSC and bank account rejected by PFMS

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