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Home > All news > Export Import, Trade > Marine exporters fear Rs 600 crore loss as US tariffs bite

Marine exporters fear Rs 600 crore loss as US tariffs bite

April 6, 2025

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Allcargo Terminals renews partnership with Central Warehousing Corp (CWC) Mundra Subsidiary Speedy Multimodes renews contract with Central Warehousing Corporation for six years Mumbai, January 10, 2025: Allcargo Terminals, a part of the Allcargo Group and a leader in India's extensive CFS-ICD network, has recently renewed its subsidiary Speedy Multimodes' partnership with Central Warehousing Corporation (CWC) Mundra. This renewal, secured through a six-year agreement with CWC, ensures the continued industry-leading services at its Container Freight Station (CFS) in Mundra. As one of two strategically located facilities operated by Allcargo Terminals in Mundra, it is well-equipped to provide flexible solutions and the required capacity to meet the rapidly growing EXIM trade demands at this key port. Spread over 56 acres and well-equipped with 2 lakhs sq. ft. warehouse area, it is the largest CFS facility at Mundra Port, catering to the diverse demands of industries. The CFS has an annual cargo-handling capacity of 1,80,000 TEUs. Located at 7 km from the Port, the Mundra CFS offers a host of services including export handling, hazardous and specialized cargo handling, bonded and non-bonded warehouse, reefer monitoring service, direct port delivery, ISO Tank and first and last mile delivery. The Mundra CFS aims to maximise its capacity utilisation to meet the growing exim trade demand at the Mundra Port. Ashish Chandna, Chief Executive Officer, Allcargo Terminals said, “Being the widest and largest CFS operator in India, we bring the finest CFS services to the exim trade at the Mundra Port. The renewal of contract with Central Warehousing Corporation ensures that our customers will continue to avail our comprehensive services at our Mundra CFS. In line with the Indian Maritime Vision 2030 which aims to build India’s leadership in the global maritime trade, we will continue to offer effective gateway into India’s hinterland to meet the emerging demand.” Commenting on the partnership Navukkarasu Jaganathan, General Manager, Central Warehousing Corporation Ahmedabad said "We are pleased to extend our association with Allcargo Terminals’ subsidiary Speedy Multimodes, ensuring seamless and efficient container freight station operations at Mundra Port. With its state-of-the-art infrastructure, strategic location, and robust service portfolio, the Mundra CWC CFS has consistently supported the growing needs of the exim trade. Together, we aim to strengthen the port's role as a critical gateway for India's maritime and logistics sector, contributing to the nation's trade aspirations and the Indian Maritime Vision 2030." Customers can access digital services through MyCFS app, one stop solutions for Allcargo CFS services. The cutting-edge and innovative MyCFS app offers real-time track-and-trace facilities for consignments in addition to other digitally- enabled services, ensuring greater transparency, convenience and enhanced customer experience. Mundra is trade facilitator for South Gujarat and only port in India to have consistently demonstrated double-digit growth in throughput over the past few years because of its faster service and quick turnaround time for their vessels. With high standards of compliance, certification, in place, the Mundra CFS has been serving the exim trade demand efficiently with advanced container handling equipment to ensure zero downtime and fast loading and unloading.

Chennai - Indian marine product exporters are likely to bear losses of ₹600 crore on shipments in transit to the US as they face cancellation of orders and revision of prices due to the new US tariffs. The industry has sought government intervention to weather the storm.

India, the largest shrimp exporter to the US, is at a disadvantage compared to the second largest exporter Ecuador, which has been slapped with a lower tariff, multiple industry executives said.

Mangoes and spices exporters are also worried about the new US tariffs, while basmati exporters are somewhat relieved . . .

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