MUMBAI : The Container Shipping Lines Association, (CSLA) a significant group of foreign container shipping lines in India, currently comprising 24 members, has raised an alarm about a substantial increase in freight rates on
NEW DELHI : In the aftermath of attacks by Houthi rebels in the Red Sea, global trade is grappling with heightened freight costs. The situation escalated when Houthi rebels targeted a Singapore-flagged Maersk container,
MUMBAI : The rerouting of ships to Europe via the Cape of Good Hope due to ongoing attacks on containers in the Red Sea could lead to an increase of up to 80% in