{"id":113765,"date":"2026-03-07T01:08:46","date_gmt":"2026-03-07T04:08:46","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/897744827"},"modified":"2026-03-07T01:08:46","modified_gmt":"2026-03-07T04:08:46","slug":"govt-collaborating-with-shipping-sector-to-free-up-stranded-cargoes-piyush-goyal","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/07\/govt-collaborating-with-shipping-sector-to-free-up-stranded-cargoes-piyush-goyal\/","title":{"rendered":"Govt Collaborating With Shipping Sector To Free Up Stranded Cargoes: Piyush Goyal"},"content":{"rendered":"
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New Delhi:<\/strong> Union Commerce Minister Piyush Goyal on Friday said that talks are on with the Shipping Ministry and shipping companies to free up cargoes stranded due to the conflict in West Asia.<\/p>\n

The government will look at ways to ease exporters\u2019 burdens, including high insurance and shipment costs.<\/p>\n

\u201cEvery day, the inter-ministerial group talks to the exporters. Even this morning, they must have had an engagement. They take feedback, and we will not be found wanting in supporting our exporters in any way. We should continue to meet all the commitments that we have made to our buyers, whether in goods or services,\u201d Goyal said.<\/p>\n

He said the government would use \u201cevery policy tool\u201d and the export promotion mission to support Indian exporters.<\/p>\n

\u201cI can assure you this government stands with our industry and will continue to ensure that all our international commitments are met because that is what defines India,\u201d Goyal said.<\/p>\n

He cited the country\u2019s remarkable record of meeting all its international commitments even during the Covid\u201119 pandemic as evidence of its reliability as a trading partner.<\/p>\n

Oil prices surged as Iran launched missiles and drones across the Gulf, striking an oil refinery in Bahrain. Brent crude posted an intraday high above $86, while the US crude closed above $81 per barrel after surging 8.5 per cent last night.<\/p>\n

A recent report from DBS Bank warned that despite the Iranian Navy\u2019s warships posing minimal threat, the Islamic Republic\u2019s ability to deploy mines and asymmetric attacks in the Strait of Hormuz could slow shipments, raise insurance, shipping costs and energy prices.<\/p>\n

The US had earlier said that it may deploy naval escorts for oil tankers passing through the Strait of Hormuz if necessary, as the conflict with Iran raised concerns about global energy supplies and shipping security in one of the world\u2019s most critical maritime corridors. The White House also stated that recent actions against Iran could ultimately improve the stability of global energy markets.<\/p>\n

(IANS)<\/p>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… on with the Shipping<\/span> Ministry and shipping<\/span> companies to free up cargoes<\/span> stranded due … could slow shipments, raise insurance, shipping<\/span> costs and energy prices. The US … about global energy supplies and shipping<\/span> security in one of the world …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-113765","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/113765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=113765"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/113765\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=113765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=113765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=113765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}