Strikes at US ports to impact India, Indonesia, and South Korea: Moody

03 Oct 2024 CW Team

The ongoing strikes by dockworkers at major US ports along the East Coast and the Gulf of Mexico are expected to significantly impact India, Indonesia, and South Korea due to their heavy reliance on these ports, according to a report by Moody’s Analytics. The strikes, led by the International Longshoremen’s Association, have halted operations at 36 major ports, which handle nearly 55% of the container traffic moving in and out of the US, including the 14 largest ports from Maine to Texas.

“Countries like Indonesia, India, and South Korea, which rely heavily on these ports, will be hit hard, whereas more diversified trading economies like Hong Kong, Singapore, and Malaysia will be relatively insulated,” said Harry Murphy Cruise, Economist at Moody’s Analytics.

As per the Ministry of Commerce and Industry, trade between India and the US stood at $119.71 billion in the 2023-24 period, underlining the significance of these ports for bilateral trade.

Moody’s also emphasised that Cambodia is expected to be the most impacted, with around 45% of its exports heading to the US, of which 30% transit through these disrupted ports.

“For Asia, shortages would be most prominent in commodities. Crude and refined petroleum products make up nearly 20% of all exports to Asia from these 14 ports, while soybeans account for approximately 6%. Vehicles and electronics could also face delays if outbound shipments do not resume soon,” the report noted.

(ET)

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..