NEW DELHI : Freight rates have skyrocketed by up to 600 per cent due to the Red Sea crisis which would hurt the world trade, say Indian exporters while suggesting the government should start
NEW DELHI : India on Thursday dubbed the security situation in the Red Sea as a “matter of concern”, adding that it is closely watching the developments in the critical sea lanes in the
NEW DELHI : Higher exports helped India’s merchandise trade deficit come in lower than expected at $19.8 billion in December, data showed on Monday, though officials signalled that the turmoil in the Red Sea
LONDON : Red Sea diversions mean container lines need more ships to carry the same amount of cargo. The security situation — which is even more precarious in the near term due to coalition
DAVOS : The ongoing tensions in the Red Sea due to recurrent attacks on merchant ships by Yemen’s Houthi rebels have a negative impact on the global supply chain and would lead to a $10-20 increase
OSLO : Shippers and forwarders are becoming increasingly concerned about carrier price gouging on the Asia to Europe services citing massive increases in charges that are being merged into a single charge from January.