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Home > All news > Shipping, Trade > Exporters express relief as Port Strike deferred, ensuring Shipment continuity

Exporters express relief as Port Strike deferred, ensuring Shipment continuity

August 28, 2024
Reading Time: 2 minutes
China’s July Exports Fall 14.5% Y/y, Imports Down 12.4% | DST News
China’s Exports fell 14.5% in July year-on-year, while imports contracted 12.4%, customs data showed on Tuesday, marking the worst showing for outbound shipments since February 2020.

NEW DELHI : Exporters on Tuesday welcomed the decision by port and dock workers’ unions to postpone their indefinite strike, which was set to begin on Wednesday. The strike could have significantly disrupted India’s outbound shipments. The exporting community has already been grappling with issues due to the Red Sea crisis, which has caused a spike in freight rates and a shortage of containers.

The Federation of Indian Export Organisations (FIEO), Director General, Mr. Ajay Sahai expressed relief over the deferment. “We were very worried about the strike as it could . . .

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