Global News Scan

global news scan

Vizhinjam EXIM Operations Begin, Strengthening India’s Maritime Trade Network

India’s Vizhinjam International Seaport in Kerala began full export-import operations on August 18, marking a new phase for one of the country’s most strategically positioned deep-water ports. The transition expands Vizhinjam’s role from transshipment to a direct gateway for Indian cargo moving to and from international markets.

India is Importing More Oil Than Ever Before as Russian Crude Share Rises

India oil imports and global crude oil shipping

India oil imports from Russia reached a record share in July, with Russian crude accounting for 50.83% of India’s total crude oil imports, according to trade data reviewed by Reuters. Russian shipments averaged 2.47 million barrels per day, up 62.4% from a year earlier, as disruptions in Middle Eastern supplies changed the sourcing choices of Indian refiners.