Tag: Global Trade

International

Evergreen Cargo Ship Loses 50 Containers Off Peru — Over 500,000 iPhone 17 Units Reportedly Lost

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Lima, Peru | October 2025: A major shipping incident has been reported off the coast of Peru, where a cargo ship operated by Evergreen Marine Corporation lost approximately 50 containers to rough seas. Early reports suggest that among the lost cargo were over 500,000 iPhone 17 units, destined for global distribution.

The vessel, en route from Shenzhen, China to Los Angeles, encountered extreme weather conditions in the Pacific Ocean during its mid-October transit. Several containers broke loose before rescue and retrieval operations could be conducted.

Maritime authorities are currently investigating the cause of the loss, citing possible factors such as high swells, structural imbalance, or container stack failure.

The potential loss of half a million iPhones has triggered discussions across global supply chain networks and could temporarily impact availability in some markets. Analysts predict possible price adjustments and delayed shipments during the upcoming holiday season.

Environmental groups have also raised concerns about marine pollution and the potential risks of electronic waste entering ocean ecosystems. The Peruvian coast guard and Evergreen’s recovery teams are working to track and retrieve any drifting containers.

Apple has not issued an official statement but is reportedly assessing the situation in coordination with its logistics partners.

🌊 Key Impacts:

  • Over 500,000 iPhone 17 units potentially lost
  • Possible disruption in global supply chains
  • Environmental and maritime safety concerns
  • Ongoing investigation by Peruvian and international authorities

This event underscores the fragility of global logistics and the increasing need for maritime safety innovation in high-value cargo transport.

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EduConnect

Goa Chamber of Commerce and Industry Hosts IIFT Students for Trade and Documentation Session

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Written by Intern Queeny George M.H , Team Allycaral

The Goa Chamber of Commerce and Industry (GCCI) today welcomed a group of 44 students from the Indian Institute of Foreign Trade (IIFT), along with faculty coordinators led by Dr. Siddharth Shankar Rai, for an immersive academic session as part of their port visit programme in Goa.

The Indian Institute of Foreign Trade, established in 1962 under the Ministry of Commerce and Industry, is one of India’s premier B-schools with global AACSB accreditation. Renowned for its specialized focus on international trade, the institution places strong emphasis on real-world exposure through industry visits and experiential learning modules.

The session began with a warm welcome by Mr. Kiran Ballikar, Director at GCCI, who introduced the Chamber’s ongoing efforts to support trade and industrial growth in the region. He highlighted the strategic role played by GCCI in promoting Goa’s business interests at a regional and national level.

Following this, Ms. Pallavi Arondekar, Director, GCCI, offered an overview of Goa’s historical trade connections, tracing the state’s long-standing economic linkages across the Indian Ocean and beyond. She also shed light on Goa’s current economic landscape, including tourism, mining, shipping, and manufacturing.

A key highlight of the session was a detailed explanation by Ms. Sanheeta Naik, Information Officer at GCCI, on the process and importance of Certificates of Origin, a critical component in international trade that ensures the authenticity of exported goods. Her explanation was supplemented by an engaging talk from Mr. Bikash Singh, a seasoned expert in global logistics and trade compliance, who discussed the real-world applications of documentation in international trade and the complexities of supply chain regulations.

The event was compered by Ms. Ambika Dhakhenkar, Deputy Director at GCCI, ensuring the smooth flow of the session and coordinating the engaging interactions between speakers and students.

The session concluded with a heartfelt vote of thanks by Dr. Rai, who expressed appreciation to the Goa Chamber of Commerce and Industry for facilitating a learning-rich experience. He acknowledged the value such industry interactions bring to IIFT students in preparing them for leadership roles in global trade and commerce.

The visit marks another successful academic-industry collaboration and reinforces the role of institutions like GCCI in nurturing future talent in international business.

National

100 Countries Expected to Participate in Indian Maritime Week 2025

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Written by Intern Queeny George M.H , Team Allycaral

India is poised to become a global hub for maritime innovation and trade with the launch of India Maritime Week (IMW) 2025, organised by the Ministry of Ports, Shipping and Waterways, Government of India. Scheduled to take place from 27–31 October 2025 at the NESCO Exhibition Centre in Mumbai, the event is already garnering global attention, with over 100 countries expected to participate.

IMW 2025 is envisioned as a flagship global platform that will not only showcase India’s growing maritime capabilities but also drive international collaboration and strategic investments across the maritime ecosystem. The event comes at a pivotal time as the world pivots toward sustainable shipping, digital transformation in logistics, and inclusive global trade practices.

For coastal nations, the week presents a unique opportunity to enhance maritime infrastructure, modernize port operations, and attract cutting-edge investments in shipping, logistics, and technology. Meanwhile, landlocked nations can explore ways to integrate with maritime trade routes, improve their connectivity to seaports, and broaden international access for their goods, services, and industries.

The event will bring together global leaders, policymakers, industry stakeholders, maritime experts, innovators, and investors on one platform to engage in dialogue, showcase advancements, and forge strategic partnerships. The holistic approach of IMW 2025 ensures that sustainability, inclusivity, and innovation are at the heart of every discussion.

With India’s growing stature as a maritime power and its strategic geographical location, India Maritime Week 2025 stands as a testament to the nation’s commitment to advancing maritime excellence and facilitating shared prosperity through global collaboration.

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Historic Moment for India: World’s Largest Container Ship MSC Irina Docks at Vizhinjam Seaport, Kerala

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Vizhinjam, Kerala – June 2025:
In a monumental milestone for India’s maritime and trade sectors, the world’s largest container ship, MSC Irina, has docked at the Vizhinjam International Seaport in Kerala. This landmark event marks a major step forward for India as it positions itself as a key player in global shipping and logistics.

Operated by the Mediterranean Shipping Company (MSC), MSC Irina is a next-generation ultra-large container vessel with a capacity of over 24,000 TEUs (Twenty-foot Equivalent Units). Measuring over 399 meters in length and 61.3 meters in width, it is one of the largest container ships ever built — a floating marvel of modern engineering and a symbol of global trade efficiency.

Vizhinjam Port, developed as a deep-water, all-weather, greenfield seaport, is strategically located near the international shipping route, just 10 nautical miles from it. Its natural depth of over 20 meters allows it to host ultra-large container vessels (ULCVs) like MSC Irina, a feat very few ports in the world can achieve.

This docking highlights the port’s advanced infrastructure and its potential to become India’s transshipment hub, competing with global ports like Colombo, Singapore, and Dubai.

The arrival of MSC Irina is more than a symbolic achievement. It opens up massive opportunities for:

  • Faster cargo handling and international shipping connectivity
  • Cost savings in import-export logistics
  • Job creation and economic activity in Kerala and beyond
  • Reduced reliance on foreign transshipment hubs

Government officials, port authorities, and global shipping stakeholders have hailed the event as a turning point.
“This moment puts Vizhinjam — and India — on the global maritime map,” said a spokesperson from the Adani Group, which is developing the port. “It’s a strong validation of our long-term vision.”

With MSC Irina’s arrival, Vizhinjam Seaport has officially demonstrated its ability to handle the world’s biggest ships. As the port ramps up its operations, it is expected to play a critical role in transforming India into a global trade hub, improving export competitiveness, and bolstering regional development.