Drewry WCI falls 2%, but disruptions keep transpacific rates high
The Drewry World Container Index (WCI) continued its decline for the fourth consecutive week, dropping 2 per cent to $5,319 per 40-feet container as of August 22. This marks...
2024 to be 2nd highest year for dry freight container manufacturing
Maritime research consultancy Drewry expects 2024 to be the second highest year on record for dry freight container manufacturing, driven by the all-time high quarterly production...
Finnish firm Spinnova posts sales of $403.28 thousand in H1 FY24
Spinnova reported H1 FY24 revenue of €362 thousand, a sharp decline from €8.82 million in H1 FY23. The company saw a reduced operating loss of €9.91 million, down from €10.99...
ICE cotton sees fifth day of gains; traders eye USDA export report
ICE cotton maintained strong momentum for the 5th consecutive session, with the December contract settling at 70.35 cents per pound, gaining 330 points over the last five...
EU & Fiji strengthen trade relations with full implementation of IEPA
The European Union (EU) and Fiji have strengthened bilateral trade relations through the full implementation of the interim Economic Partnership Agreement (IEPA). The agreement,...
India again extends implementation of QCO on cotton for one year
The Indian government has extended the implementation of the Quality Control Order (QCO) on cotton by one year, now set to take effect on August 27, 2025. The QCO, which...
Time ripe for India-Malaysia Comprehensive Strategic Partnership: PMs
Recognising that India-Malaysia ties have evolved and matured across a broad spectrum of areas, Prime Ministers Narendra Modi and Anwar Ibrahim have concluded that the time...
Vietnam-UAE CEPA: Potential impact on India’s textile industry
Vietnam has emerged as a key trade partner for UAE since economic reforms began in 1986, with a diverse export profile, including textiles and agricultural products. Both countries are negotiating a
ICE cotton continues to rise on weaker dollar, crop worry
ICE cotton prices rose due to a weaker dollar and crop concerns in the US, reaching a weekly high despite slow demand. The December contract settled at 69.34 cents per pound,...
Uzbekistan, Poland discuss cooperation in textile sector
Uzbekistan recently discussed with Poland ways to raise export of textile products to the latter and adapt modern Polish technologies. Both sides will open a store for Uzbek...
EU greenhouse gas emissions drop 4% in Q1 2024
The EU reduced greenhouse gas emissions by 4 per cent to 894 million tonnes of CO2-eq in Q1 2024, despite stable GDP growth of 0.3 per cent. Major reductions came from electricity...
South India cotton yarn market stagnates amid low demand, export woes
The South India cotton yarn market remains stagnant due to sluggish demand and export challenges, particularly with shipments to Bangladesh. Cotton yarn prices are stable, but trade volume has decreased.
Vietnamese, Chinese central banks sign MoU to enhance cooperation
The central banks of Vietnam and China yesterday signed an MoU in Beijing on cooperation in local currency settlement, currency swaps and cross-border payment connectivity....
Vietnam’s SBV sticks to 0% interest rate to tackle dollarisation
Measures taken by the State Bank of Vietnam to tackle the dollarisation of the economy have led to stabilisation of the exchange market and a rise in foreign reserves, remittance...
Vietnam sees strong export growth, but challenges remain
Challenges for Vietnam in maintaining high export growth this year despite strong turnover growth in the first seven months include a spike in shipping costs; rising competition...
