Japan and India to develop port of Colombo

The governments of Japan, India and Sri Lanka signed a deal to develop a terminal at the Port of Colombo, aiming to meet the development of the Indian Ocean to the world trade, as Nikkei Asian reports. The three countries will develop the East Container terminal, located at the south part of the port of Colombo, which was recently expanded.

The deal follows China’s use of the Belt and Road Initiative, as the country has been investing in the Port of Colombo, aiming to cements its position as...


Indian major ports achieve increase in cargo traffic

India’s 12 major ports achieved a 5.65% increase in cargo handling to 60.07 million tonnes (MT) in April this fiscal year. This was mainly because of higher demand for coal, petroleum, oil and lubricants. These ports handled a total of 56.86 MT of cargo in April 2018.

Rising demand from various sectors, including coal, petroleum, oil and lubricant,and containers, was the main driver of the traffic growth, according to the Indian Ports Association (IPA).





India to take advantage from trade war

India to take advantage from trade war

The ongoing trade war between the US and China will help India tap export opportunities in both the countries in areas such as garments, agriculture, automobile and machinery, according to trade experts.

Professor at Indian Institute of Foreign Trade (IIFT) Rakesh Mohan Joshi said the US has broadly targeted intermediate components from China, particularly machinery and electronics, whereas China is targeting American automotive and agricultural products including Soybean.

“These areas offer huge...


India: Trade deficit widens in April

India: Trade deficit widens in April

India’s export growth slid to a four-month low of 0.64% in April as shipments of engineering goods, gems and jewellery, leather and other products declined, widening the trade deficit to a five-month high, official data released Wednesday showed.

Imports increased by 4.5% to $41.4 billion, the highest in the last six months as crude oil and gold shipments shot up during this month.

Merchandise exports stood at $26 billion in April while imports at $41.4 billion, leading to a trade deficit of...


Tanker robbed while at Indian anchorage

Tanker robbed while at Indian anchorage
In its weekly piracy report for 7-13 May, ReCAAP ISC informed of one incident of armed robbery against the Marshall Islands-flagged tanker ‘Arionas’, while anchored at Port Deendayal (Kandla) outer anchorage, India, on the evening hours of 9 May.

ReCAAP ISC classifies this incident as Category 4, which means the least significant incident. Under this category, the perpetrators are not armed, and the crew not harmed.

While at anchor, seven unarmed perpetrators boarded the tanker from a red boat....


Adani steps up Mundra port investment

Adani Ports and Special Economic Zone (APSEZ) has announced plans to further expand capacity at Mundra port in the Indian state of Gujarat. Mundra is one of the largest commercial ports in India with an annual cargo handling capacity of approximately 225 million tonnes a year. As part of its long plans the company has applied for environment and coastal regulation zone (CRZ) clearances to raise the capacity of Mundra port by another 385 million tonnes a year, over a period of time.

The proposed...


Nepal to evaluate Chinese ports for third country trade

According to Xinhua, the government of Nepal is working to send two government teams to China, to study the possibility of Chinese ports being used as a third country trade. This step follows Nepal and China’s signed protocol concerning the transit transport agreement.

Kedar Bahadur Adhikari, Nepali Commerce Secretary, commented that his ministry has sent a request to Nepali Foreign Ministry to make necessary arrangements for the visit of commerce ministry’s teams to China.

In addition, China is...


Perpetrators board tanker off Indian anchorage

In its weekly report for 30 April-6 May, ReCAAP ISC informed of one actual incident of armed robbery against the Bahamas-registered tanker ‘Sonangol Namibe’, while the ship was proceeding at Visakhapatnam SPM anchorage, India, in the early afternoon hours of 13 April.

While proceeding to anchor, the ship was approached by 11 perpetrators in five country boats.

The master sounded the ship’s whistle, raised the alarm and made an announcement on the PA system.

The accommodation and other spaces of...


New tracking system eases India-Nepal cargo flow

There were some major developments in India-Nepal trade relations.

First, the containerised rail cargo carrying third-country imports of Nepal through the Indian ports of Kolkata and Vizag will no longer require clearance by Indian Customs authorities as both ports have introduced the electronic cargo tracking system (ECTS).

The ECTS is an electronic seal that, unless tampered with, ensures free movement of the container through the international border.

The system has already been introduced at...