Topic
industry
Commodities German Offshore Wind Adds 1.1GW in H1 2026 as Industry Demands Reform
Germany added 1.1GW of offshore wind capacity in the first half of 2026, bringing total installed capacity to 10.8GW. Industry associations, led by BWO, are urging the government to replace the negative bidding system with contracts for difference to improve bankability and attract investment for future projects.
Manufacturing Tractor Industry Growth to Moderate to 1-4% in FY27 on Weak Monsoon Outlook: ICRA
According to ICRA, the tractor industry's volume growth is expected to moderate to 1-4% in FY27, down from 23.5% in FY26, due to a high base and a below-normal monsoon forecast. The Indian Meteorological Department projects below-normal rainfall due to El Nino, posing risks to kharif production and farm incomes. Despite this, margins and credit profiles of OEMs remain healthy.
Trade India’s edible oil industry flags 17-fold surge in Nepal imports, seeks policy review
India’s edible oil imports from Nepal have surged more than 17-fold in two years, from 47,295 tonnes in 2023 to over 804,000 tonnes in 2025, according to the Indian Vegetable Oil Producers' Association (IVPA). The industry body is urging a comprehensive policy review under SAFTA, citing duty-free imports that are shifting refining activity outside India and causing an estimated customs revenue loss of ₹2,000–2,500 crore. IVPA President Sudhakar Desai called for stronger verification of Rules of Origin and a review of tariff structures to safeguard domestic value addition.
Trade India-UK FTA Unlikely to Significantly Hurt Domestic Consumer Brands, Industry Leaders Say
Industry leaders including Amul and Britannia say the India-UK Free Trade Agreement is unlikely to significantly hurt domestic consumer brands. Customs duties will be progressively reduced over up to 10 years, with 99% of India's exports gaining duty-free access and India cutting tariffs on 90% of lines covering 92% of UK imports. Premium categories may see increased competition but overall pricing impact expected to be limited.
UK Government Brings British Steel Under Public Ownership, Secures Steelmaking Future
The UK government has nationalised British Steel, taking control of the Scunthorpe steelworks to secure domestic steelmaking. The move follows years of uncertainty and financial losses, with the plant losing £700,000 per day under Chinese owner Jingye Group. The government's intervention ensures continued production of virgin steel for critical infrastructure.
Commodities British Steel Nationalisation Bill Passed by Parliament, Securing Public Ownership of Scunthorpe Operations
Parliament has passed the Steel Industry (Nationalisation) Bill, paving the way for nationalisation of Scunthorpe-based British Steel. The King signed the bill into law on Wednesday. Energy minister Chris McDonald said the government acted decisively in the national interest. Shadow business secretary Andrew Griffith criticised the move, linking it to high energy costs. Owner Jingye has begun seeking compensation.
Finance Power and Infrastructure Drive 17% Credit Growth to Indian Industry in FY27
Gross bank credit to industry in India grew 17% in the first two months of FY27, led by the power sector. Power exposure rose Rs 15,399.9 crore. Infrastructure credit increased 1% overall, with telecom declining sharply. Private banks have doubled power lending, according to Macquarie.
Logistics Strait of Hormuz Tensions, CMA CGM-FedEx Deal, and AP Moller Acquisition Top Shipping News
Commercial shipping through the Strait of Hormuz is moving again but remains uncertain. CMA CGM agreed to acquire FedEx Supply Chain for $1.4 billion, while AP Moller Holding is acquiring Ocean Yield from KKR. Hafnia announced a CEO change, and Eni and Mercuria formed a 50:50 energy trading joint venture.
Trade Free trade agreements to give major boost to toy exports: Industry
India's toy industry is set to benefit from free trade agreements with the EU and UK, which will provide zero duty access, up from current 5-6% import duties. The Toy Association of India said these markets account for 16% of the country's $0.35 billion toy exports in 2024. Industry leaders highlighted the need for quality testing facilities to meet stringent standards.
Logistics Shipping Industry Launches Initiative to Eliminate Illegal Seafarer Recruitment Fees
New research by IHRB and TURTLE reveals that 31% of seafarers have been asked to pay illegal recruitment fees, with nearly three-quarters paying despite the practice being prohibited under the Maritime Labour Convention. The industry has launched a new online toolkit backed by over 30 organizations to help shipping companies identify and eliminate such fees.
Commodities Global crude steel output slips marginally in May 2026, India maintains growth
Global crude steel output edged down 0.3% year-on-year in May 2026 to 157.9 million tonnes, according to World Steel Association data. India maintained its position as the second-largest producer with a 1.9% output gain, while China's production fell 2.7%. North America and Africa saw robust growth, but the Middle East recorded a sharp 19.4% decline.
Logistics New ICS Chair Denholm Inherits an Industry on Edge as Geopolitical Risk Dominates Survey
John Denholm has been elected chairman of the International Chamber of Shipping, succeeding Emanuele Grimaldi. The ICS released its Maritime Barometer 2025-2026 survey, based on 185 responses, which identifies geopolitical instability as the top risk for the fourth consecutive year, followed by cyber attacks and regional regulations. The survey also highlights a pragmatic approach to decarbonisation, with LNG and biofuels seen as the most viable near-term fuel options.
Manufacturing Mexico's Truck Factories Find Footing After Rough Start to 2026
Mexico's heavy-duty truck sector posted its strongest export month of 2026 in May, with production nearly matching year-earlier levels. Exports climbed from about 5,000 units in January to nearly 12,000 in May, driven by demand from the US market. Freightliner led production with 9,348 trucks, while wholesale sales rose but retail demand remained weak.
Commodities It Takes Time to Restart Plants: Hormuz Reopening May Not Ease Fertiliser Woes Anytime Soon
Industry executives warn that fertiliser availability and prices may take three to four months to normalise despite the anticipated reopening of the Strait of Hormuz under a tentative US-Iran peace deal. Ammonia prices could stabilise within 1-2 months, but sulphur prices remain elevated at $815-$1,200/tonne and may rise further before easing towards December. Shipping disruptions and plant restarts will delay supply recovery.
Logistics Freight Distress Report: More Carriers Shut Down, Logistics Firms Cut Jobs Across US
A new wave of bankruptcies and layoffs swept through US transportation and logistics from June 5 to June 15, 2026. Notable filings include Triple RRR Carriers (Chapter 7) and Expeditors International cutting ~230 technology jobs. The distress underscores elevated operating costs and financing challenges.
Manufacturing India's Textile PLI Scheme Attracts ₹12,822 Cr Investment
The Indian government has approved 22 new applicants in the third round of the Textile PLI Scheme, committing ₹12,822 crore in investments. This initiative is expected to generate a turnover of ₹58,294.18 crore and create over 36,000 jobs, strengthening India's textile manufacturing sector.
Logistics Freight Analyst Donald Broughton Passes Away Suddenly
Donald Broughton, a prominent figure in freight market analysis, has died suddenly at home. Known for his insightful market forecasts, Broughton's passing leaves a significant gap in the logistics industry.
Logistics Cargo Giants Support Splash Singapore's Inaugural Event
Splash Singapore's debut event attracts major cargo interests, including Rio Tinto and Vale, aiming to become a key Asian shipping conference. The event will feature discussions on global shipping demand drivers.
Logistics AI's Impact on Shipping: Navigating the Hype and Reality
The integration of AI in shipping is reshaping logistics, yet it comes with challenges. Industry leaders discuss the balance between innovation and practical application.
Manufacturing Denby Pottery Ends Production After Two Centuries
Denby Pottery has ceased production after over 200 years, citing reduced demand and rising costs. Despite efforts to save the company, administrators could not find a buyer.
Commodities Gujarat's Role in India's Copper Self-Reliance
Gujarat is emerging as a crucial player in India's quest for copper self-reliance. With Hindalco's massive smelter at Dahej and strategic infrastructure, the state is poised to reduce India's import dependency.
Logistics Shipping Markets Echo 2008 Amid Record Earnings
Shipping markets are experiencing record earnings, reminiscent of the pre-crisis boom of 2008. With the ClarkSea Index at $40,000 a day and a world fleet worth $2.4 trillion, industry leaders express caution amid global economic uncertainties.
Supply Chain AI Excellence in Supply Chain: Nominate for 2026 Awards
The 2026 AI Excellence in Supply Chain Award recognizes companies transforming logistics with AI. Nominate by July 10, 2026, to showcase groundbreaking innovations.
Commodities Poultry Production Slashed by 25% Amid Rising Soybean Meal Costs
The poultry industry in India is cutting production by 25% due to a 40% rise in soybean meal prices. This move aims to mitigate increased feed costs impacting poultry producers.
Logistics Posidonia 2026: AI and Strategic Investments Shine
Posidonia 2026 in Athens sees record attendance with AI innovations and major investments making headlines. Kpler secures $1bn investment, while AD Ports Group expands into South America.
Logistics Shipping Industry Struggles with ESG Despite Governance Gains
The shipping industry is facing challenges in executing environmental, social, and governance (ESG) strategies despite progress in governance structures. A report by Lloyd’s Register highlights a gap between ESG strategy and operational delivery, with container shipping leading in ESG maturity.
Manufacturing Rising Costs Challenge Beverage Production Amid Summer Demand
Beverage companies are grappling with increased production costs due to supply chain disruptions and material price hikes. Aluminium can prices have risen by 15%, impacting companies like Coca-Cola and Sleepy Owl. The industry is considering passing these costs onto consumers.
Business Industrial Output Growth Slows Amid Sectoral Challenges
India's industrial output growth decelerated to 4.9% in April 2026, down from 5.7% a year earlier, due to a contraction in the mining sector. Despite this, manufacturing and electricity generation showed resilience.
Business India's Manufacturing PMI Hits 3-Month High Amid Strong Demand
India's manufacturing sector expanded at its fastest pace in three months in May, with the PMI rising to 55.0. The growth was driven by robust domestic demand and infrastructure projects, despite ongoing geopolitical tensions in the Middle East.
Commodities India's New Coal Gasification Urea Policy to Boost Self-Reliance
India is set to unveil a coal gasification-based urea policy within a month, aiming to reduce reliance on imported natural gas. This policy will leverage domestic coal reserves, enhancing self-reliance and saving foreign exchange.
Commodities Global Crude Steel Output Declines Amid Geopolitical Strains
Global crude steel production decreased by 1.9% in April 2026, with significant declines in China, the Middle East, and Russia. India and the US showed growth, countering the trend.
Logistics Navigating Posidonia: Essential Tips for Attendees
Posidonia, the premier maritime event in Athens, demands strategic planning to navigate its vast offerings. Attendees should prioritize comfort, plan their schedules wisely, and stay hydrated to make the most of this bustling event.
Logistics FreightWaves Today: A New Era for Supply Chain Intelligence
FreightWaves Today launches on June 1, providing the supply chain industry with real-time market intelligence and executive insights. This daily broadcast aims to centralize logistics discussions, featuring industry leaders like Shelley Simpson and Eugene Seroka.