Import/Export Industry Notifications

On Thursday, Chief Minister Pinarayi Vijayan said that efforts were being made to introduce more services, including those of foreign airlines, from the Kannur International Airport.

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A federal maritime regulator orders the world’s largest containership companies to provide her agency with container detention and demurrage information to ensure they’re meeting their legal obligations.

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The Federal Maritime Commission said it would order container carriers and port terminal operators servicing the Los Angeles and New York areas to “provide information on their policies and practices related to container returns and container availability for exporters.”

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The slower flow of containers, instead of insufficient vessel limit, is the thing that has pushed the global container system to the edge of total collapse. The pandemic-driven slowdown in the normal circulatory movement of containers, combined with sharply higher volumes, has reduced overall system capacity, driving up rates and creating massive delays that are expected to continue for weeks to come.

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After overtaking Mumbai’s Jawaharlal Nehru Port Trust (JNPT) as India’s most significant container gateway, Adani-operated Mundra Port is eyeing more market share.

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The government had begun a drive against fraudulent identity numbers in the second week of November. The Central Board of Indirect Taxes & Customs (CBIC) has claimed that it has discovered over 9,000 fake GST Identity Numbers (GSTIN).

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Airlines and forwarders are expecting the congestion and turmoil are sweeping through airports across Europe, and the US “is reaching its peak.” The Loadstar has received various reports of delayed or lost cargo between chaos at handling facilities, with the latest complaints concerning Turkish Airlines’ facility at New York’s JFK.

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Taking under consideration the strong demand for air transportation during the Spring Festival rush, since January 28, Pudong Airport has been operating at a high level of cargo flights and volume, ensuring a daily average of 284 all-cargo flights, flights converted from passenger flights to cargo flights and temporary cargo charter flights. As of February 7, the peak flight number per day reached 314, and the volume of inbound and outbound cargo increased by nearly 40% year-on-year.

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In preparation for the upcoming meeting between the Foreign Minister and the Vice Trade Minister of Chile with the Commerce & Industry Minister (CIM) India, members are requested to go through the below form and submit their reply on or before 22nd Feb-2021.

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