India mulls subsidies for exporters facing higher shipping costs
NEW DELHI : Given the recent spate of attacks on cargo ships in the Red Sea, India is mulling a variety of measures, including subsidisations for Indian exporters
Italian container line Kalypso files for bankruptcy amid ongoing conflict between Israel and Hamas
ROME : Italian startup container line Kalypso has filed for bankruptcy following a collapse in freight rates and the disruption of its services to Israel, reported Italian media.
Shippers have already diverted over $60 billion in cargo from the Red Sea amid fears of attacks
NEW JERSEY : Shippers have diverted about $65 billion worth of cargo away from the Red Sea as they face the threat of attacks from Houthi militants in
ZIM vessels divert from Arabian regional waters
HAIFA : Israeli container vessels are avoiding the Red Sea region as the conflict in Gaza and the heightened regional tension have increased the risks for all ships
US warships and commercial vessels attacked by drones in Red Sea
WASHINGTON : An American warship and multiple commercial ships came under attack on Sunday in the Red Sea, the Pentagon said, potentially marking a major escalation in a
3 commercial ships attacked in Red Sea; Houthis claim responsibility, citing Israel-Hamas war
WASHINGTON : Three commercial ships came under attack in the international waters of the Red Sea on Sunday, U.S. military officials said — as Houthi militants claimed responsibility for
India has been able to increase exports of goods and services from USD 500 billion in 2021 to USD 77
NEW DELHI : Commerce and Industry Minister Shri Piyush Goyal on Friday said there will be growth in the country’s exports despite global uncertainties. He, however, indicated that
Zim container ships divert as threat to Israel-linked vessels mounts
HAIFA : Following three attacks on vessels linked to Israel, a container ship operated by Israeli ocean carrier Zim has changed course and is taking the long way around
Three Israeli-linked vessels attacked in a week
JERUSALEM : Israeli-linked vessels have found themselves in the crosshairs of Houthi rebels and increased security threats while sailing in the Red and Arabian Seas. The last week
Karnataka granite units face closure as exports slump following Israel-Hamas war, other reasons
BENGALURU : The raging war between Hamas and Israel is the latest crisis to hit the already-troubled granite industry in Karnataka. The flourishing export business had an unprecedented slump during