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Shipping cos want ports to bear dredging costs

Mumbai: Shipping lines calling at Indian ports to load and unload cargo want the government to bear the cost of dredging the port’s channel and berth to lower the charges that they pay to dock at these ports. Port calling costs constitute a major expense for shipping lines entering an Indian port to carry cargo.
Compared with international ports, these charges (called vessel related charges) are high in Indian ports, says S.S. Rangnekar, former director of liner and passenger services at state-run Shipping Corp. of India.

http://indianshippingnews.blogspot.com

Port clerks, shipping lines extend talks

Contract talks between a small but powerful arm of the West Coast dockworkers' union and 17 of the world's largest shipping companies continued Sunday, with one labor leader saying that there had been progress toward an agreement.

The 930 members of office clerical unit Local 63 of the International Longshore and Warehouse Union work out of the ports of Los Angeles and Long Beach — the nation's busiest for cargo containers.

http://worldshippingnews.blogspot.com

US 'no' to duty-free import of Indian jewellery

Days after the collapse of G4 talks on the WTO, the US has withdrawn concessions given to imports on gold jewellery and brass lamps from India as well as auto parts from Brazil as part of a revision of trade sops given to developing countries.

The duty-free access was withdrawn under its annual review of generalised system of preferences (GSP) through a proclamation signed by US President George Bush yesterday

http://indianimportnews.blogspot.com/

CHENNAI: The Federation of Indian Export Organisations (FIEO) on Saturday urged Union Finance Minister P Chidambaram to immediately implement the export package Union Commerce and Industry Minister Kamal Nath unveiled on June 13.

Addressing reporters after the Management Committee Meeting, FIEO president Ganesh Kumar Gupta said: “We expect the Finance Minister to announce the package within the next fortnight. If immediate steps are not taken to offset the erosion of competitiveness of our exports, India will lose $12.5 billion of exports in the current fiscal. Besides, it will lead to a slowdown of exports, closure of units and loss of 8 million jobs across the country in various sectors.”

http://indianexportnews.blogspot.com

KARACHI: The millers, spinning and private sector commercial companies imported around 4.8 million cotton bales from USA, India, Brazil and central Asian countries during the last fiscal July-June 2007, the traders and importers said on Saturday.

The country produced around 12.5 million cotton bales during July-June 2007 while the demand by textile sector stood around 15.5 million bales. The shortfall was met by the imports. http://worldimportnews.blogspot.com

South Korean share prices closed sharply higher, having wiped out early losses as the export data for last month offset negative leads from the soft finish on Wall Street Friday and fears of higher interest rates here.

Government data show exports extended their double-digit growth for the 17th month last month, fuelling hopes that exports, coupled with improvements in domestic demand, will accelerate a nascent recovery in Asia's fourth-largest economy.

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