NEW DELHI : India’s exports face a shortfall of about $4 billion to $5 billion this year after it clamped curbs on trade in wheat, rice and sugar, a person familiar with the matter
LONDON : Several shipping companies and a few liquefied natural gas (LNG) tankers have decided to avoid the world’s main East-West trade route, following attacks launched by Yemen’s Houthi group on commercial ships at
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 Yemen. Carriers are re-routing vessels as
EGYPT : The Suez Canal Authority (SCA) said Sunday that 55 ships have rerouted via the Cape of Good Hope since Nov. 19 amid attacks on ships in the Red Sea. In a statement,
LONDON : IMO Secretary-General Kitack Lim said :”I condemn attacks against international shipping in the Red Sea area and I reiterate the strong commitment of the IMO to protect seafarers, ships, and cargoes, which