1. Introduction: India Makes Waves in Global Shipping India has taken a bold step in the maritime sector by announcing a massive Maritime Development Fund (MDF) increase to ₹70,000 crore (about $8.4 billion).This is nearly three times the previous budget, and it signals India’s ambition to become a leading player in global shipping.From upgrading ports […]
Category Archives: 🧠Trade & Policy
08
Jun
Jun
In early June, global container shipping rates surged to levels not seen since the pandemic—yet analysts now suggest that these rates may have reached their short-term peak. According to Reuters, average global container spot rates jumped by 41% in one week and over 70% within a month, reaching $3,527 for a 40-foot container. The Shanghai–Los […]