Pharma exporters brace for Rs 5,000-crore hit as US-Iran war drives up freight costs
NEW DELHI: A total stop to pharma shipments to West Asia this month alone can drain Rs 2,500–Rs 5,000 crore of export value, the Pharmaceuticals Export Promotion Council of India (Pharmexcil) has warned, as freight rates
Global trade reroutes to Africa as Hormuz traffic plunges 90%
LONDON: Commercial shipping traffic through the Strait of Hormuz has dropped as much as 90% amid escalating conflicts in the Middle East, forcing global maritime trade to reroute around the Cape of Good Hope,
Shipping Ministry Reviews Maritime Situation in Persian Gulf; Enhanced Monitoring to Safeguard Indian Vessels & Seafarers
NEW DELHI: The Ministry of Ports, Shipping and Waterways (MoPSW) is closely monitoring the evolving maritime security situation in the Persian Gulf and has strengthened precautionary measures to safeguard Indian-flagged vessels and Indian seafarers operating in
Ministry of Civil Aviation Operational Update – West Asia Airspace Situation
NEW DELHI: The Ministry of Civil Aviation is continuously monitoring the evolving airspace situation in parts of West Asia and its impact on international flight operations. Till date, 1,221 flights by Indian carriers and
CMA CGM suspends Middle East Bookings, Implements Emergency Measures amid escalating Regional Tensions
MARSEILLE: Global shipping major CMA CGM has announced sweeping operational measures across the Middle East, including the immediate suspension of bookings to several regional ports and the implementation of emergency protocols for ongoing shipments. The move
Middle East Impact: Over 1,000 Food Containers stuck at Mumbai’s Jawaharlal Nehru Port
MUMBAI: Mumbai’s Jawaharlal Nehru Port Trust is facing the heat of the ongoing war in the Middle East region. As tensions between the Arab countries, Israel, Iran, and the US grow, disruptions of maritime
400,000 tons stuck in transit: Iran conflict disrupts India’s basmati exports
NEW DELHI: About 400,000 metric tons of Indian basmati rice are stuck in transit as the Iran conflict disrupts shipping routes across the Middle East and sends freight costs soaring, Reuters reported on Tuesday,
Saudi’s Aramco explores Oil Exports from Red Sea to avoid Strait of Hormuz
DHAHRAN: Saudi Aramco is exploring the option of delivering more cargoes to Yanbu, a port on the Red Sea that’s situated outside the Persian Gulf, where dozens of ships are hunkered down as the