Import/Export Industry Notifications
28 April 2020
THE HINDU | Major ports running in losses
28 April 2020
The Shipping Ministry cleared a package to ease the burden on port users, public-private-partnership (PPP) operators and shipping lines caused by the lockdown restrictions. Major port trusts such as Cochin, Kolkata, Chennai, Mumbai, Goa, and Visakhapatnam have the lowest operating profit or are running at a loss.
28 April 2020
TIMES OF INDIA | Four tons of green vegetables exported to UK
28 April 2020
Amid the coronavirus lockdown, a consignment of four tons of green vegetables including chilli, cucumber and bottle gourd left for Delhi to be exported to the UK. Earlier, vegetable consignments were sent only to the Gulf countries. This dispatch to London may generate opportunities in the European market also.
28 April 2020
ET | National Shipping Board to be headed by former Director-General of Shipping Malini Shankar
28 April 2020
The government has approved the reconstitution of the National Shipping Board to be headed by former Director-General of Shipping Malini Shankar. NSB is the highest advisory body on matters related to Indian shipping.
28 April 2020
MONEY CONTROL | Discussed business continuity plans with representatives of the maritime industry
28 April 2020
Union Minister, Mansukh Mandaviya discussed business continuity plans with representatives of the maritime industry. The industry leaders highlighted the challenges like supply chain issues and movement of cargo and trucks. They’ve requested policy interventions.
28 April 2020
ET | Schemes to reimburse pending payments with interest to MSMEs
28 April 2020
The Centre is working on a scheme to reimburse pending payments with interest to micro, small and medium enterprises. Once implemented, the government's plans towards framing a mechanism for clearance of huge pending dues owed to MSMEs by central and state PSUs. Corporate players are expected to provide a major relief to the sector battling distress.
28 April 2020
THE HINDU | GOI has allowed three of India’s older container terminals to recalibrate their royalty pay-outs
28 April 2020
The GOI has allowed three of India’s older container terminals to recalibrate their royalty pay-outs to the government. The CTs are granted discounts for handling containers shipped between the country’s ports and transhipment containers. The policy change will reduce the losses they were so far suffering on this business.
28 April 2020
THE INDIAN EXPRESS | Shipping lines have started skipping the country’s top container gateways
28 April 2020
Several major global container shipping lines have started skipping the country’s top container gateways. The disruption caused at the major ports by the lockdown and the drastic drop in demand has been the reason for the same. Issues in clearing import containers from the ports and CFTs have ended up disrupting carrier schedules.
28 April 2020
THE HINDU | Maritime logistics industry has openly defied a Government diktat to waive off some charges
28 April 2020
As the cash-flow crunch escalates, the maritime logistics industry has openly defied a Government diktat to waive off some charges. They’ve done it to help exporters and importers tide over a tough time as the country fights to slow the spread of the virus.
28 April 2020
THE HINDU | PSA SICAL Terminals Ltd has invoked force majeure
28 April 2020
PSA SICAL Terminals Ltd has invoked force majeure in its licence agreement after the volumes slumped by as much as 75 per cent since April 1 due to the lockdown restrictions. This clause absolves firms from meeting their contractual commitments for reasons beyond their control.
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