Indias EXIM container trade growth to be in two digits: Maersk
The Dollar Business Bureau The biggest container shipping company in the world, Maersk Line, said on Wednesday that the growth of EXIM container trade of India in the current year is likely to be in two digits. “In 2017, the growth is likely to be in two digits provided that India maintains its growth in markets like the Middle East, Latin America and East Africa, enhancing its client portfolio and diversifying the risks,” the company stated in its 2016 Annual India Trade Report. As per the Global Economic Prospects report by World Bank, growth of global trade in 2016 was the slowest since the world financial crisis in 2009. “India, in spite of that, has done well and consolidated its place with the international containerised trade. ...
India re-elected as member of International Maritime Council for 2 years
The Dollar Business Bureau India is among the top twenty ship-owning countries of the world in terms of gross tonnage as well as deadweight In a major boost to its position in the global trade, India has been re-elected unopposed to the 40-member Council of the International Maritime Organisation (IMO) for two years. This re-election gives India an opportunity to engage with the international maritime community and advance India’s maritime interests and promote the welfare of its citizens. “This will result in huge savings for India’s EXIM trade and consumers on account of reduced insurance premium and consequently freight costs. It will improve safety of fishermen and fishing boats, and will also improve the security along India’s coastline,” a Shipping Ministry statement ...
