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Tag: Trade News

Singapore port congestion shows global impact of Red Sea attacks

Posted on June 27, 2024 By admin
Singapore port congestion shows global impact of Red Sea attacks

Congestion at Singapore’s container port is at its worst since the COVID-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean shipping—with bottlenecks also appearing in other Asian and European ports. Retailers, manufacturers and other industries that rely on massive box ships are again battling surging rates,…

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Business

Indian exports up 1.07% in April; trade deficit expands by 32.3%

Posted on May 15, 2024 By admin
Indian exports up 1.07% in April; trade deficit expands by 32.3%

Representational image of an onion farmer with his produce in Beed, Maharashtra. There has been frequent imposition and lifting of bans on the export of onions | Photo Credit: B. Jothi Ramalingam India’s merchandise exports rose 1.07% to hit almost $35 billion in April while imports jumped 10.25% to $54.1 billion, as per Commerce Ministry…

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Business

Explained | Why are India-Russia trade payments in crisis?

Posted on July 8, 2023 By admin
Explained | Why are India-Russia trade payments in crisis?

Oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia on June 4, 2023. | Photo Credit: Reuters The story so far: As India continues to import oil from Russia, it is getting tougher for the country to pay for it. On the one hand, it faces repercussions of breaching the oil price cap…

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