Cargo volumes in Red Sea area drop 21% due to attacks on ships : BIMCO
LONDON : “During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y. The number of ships arriving in these ports
Indian traders on edge as exports worth $64 billion at risk as an impact of the Red Sea crisis : FIEO
NEW DELHI : Indian exports have so far braved the Red Sea crisis with outbound shipments registering a 3.1 percent rise in January, offering consolation that the country may escape the worst of the ongoing tensions
Impact to global trade of disruption of shipping routes in the Red Sea, Black Sea and Panama Canal – UNCTAD rapid assessment
GENEVA : This UNCTAD rapid assessment looks into the situation of interntional shipping amid disruptions that have the potential to reshape global maritime networks and reconfigure the world trading map. Two months into 2024,
New freighters could ease Red Sea cargo disruptions
YEMEN : After the Houthi militians started attacking container ships in the Red Sea last year, the cost of shipping goods from Asia soared by over 300%, prompting fears that supply chain disruptions might once again
Shipments of readymade Indian garments finally reached Europe, by sea
NEW DELHI : India’s exports of readymade garments increased significantly in value terms in January as cargoes stuck due to the Red Sea crisis reached their destinations by tracking more long route around the
India to sustain Logistics growth even with Geopolitical complexities
By Mr. Pushpank Kaushik, CEO of Jassper Shipping India’s trade heavily relies on maritime transport, with approximately 95% of the volume and 70% of the value, reported by the Ministry of Shipping. As the
Blinken and Jaishankar discuss need to ensure freedom of navigation in Red Sea : US
MUNICH : Secretary of State Antony Blinken during his meeting with External Affairs Minister Shri S Jaishankar in Germany discussed the need to ensure freedom of navigation in the Red Sea, highlighting how the
January exports rise by 3%, despite Red Sea crisis; Trade deficit narrows marginally: FIEO
NEW DELHI : Responding to January, 2024 trade data especially exports which rose by 3 percent US$ 36.92 billion, Mr Israr Ahmed, President (Officiate), FIEO said that the increase in exports despite the Red Sea