Shipping Costs Set to Surge by 60%, Insurance Premiums by 20%
ROADS & HIGHWAYS

Shipping Costs Set to Surge by 60%, Insurance Premiums by 20%

Global Trade Risk Intelligence (GTRI) has raised concerns about the economic impact of the Red Sea crisis, projecting a substantial rise in shipping costs by up to 60%. The ongoing geopolitical tensions in the region have heightened risks for maritime trade, prompting GTRI to emphasise the potential financial repercussions for the shipping industry. Additionally, the report highlights an anticipated 20 per cent increase in insurance premiums, reflecting the elevated uncertainties and challenges faced by insurers in covering shipments through the affected waters.

The Red Sea crisis has introduced a new layer of complexity to global supply chain dynamics, impacting the cost structure of maritime transportation. GTRI's analysis serves as a timely alert for stakeholders in the shipping and insurance sectors to brace for financial adjustments. As tensions persist, the industry is urged to monitor developments closely and implement strategic measures to navigate the evolving economic landscape. The Red Sea crisis continues to unfold, with potential ramifications reverberating across the maritime and insurance industries, requiring vigilant risk management and adaptation to ensure resilience in the face of geopolitical challenges.

Global Trade Risk Intelligence (GTRI) has raised concerns about the economic impact of the Red Sea crisis, projecting a substantial rise in shipping costs by up to 60%. The ongoing geopolitical tensions in the region have heightened risks for maritime trade, prompting GTRI to emphasise the potential financial repercussions for the shipping industry. Additionally, the report highlights an anticipated 20 per cent increase in insurance premiums, reflecting the elevated uncertainties and challenges faced by insurers in covering shipments through the affected waters. The Red Sea crisis has introduced a new layer of complexity to global supply chain dynamics, impacting the cost structure of maritime transportation. GTRI's analysis serves as a timely alert for stakeholders in the shipping and insurance sectors to brace for financial adjustments. As tensions persist, the industry is urged to monitor developments closely and implement strategic measures to navigate the evolving economic landscape. The Red Sea crisis continues to unfold, with potential ramifications reverberating across the maritime and insurance industries, requiring vigilant risk management and adaptation to ensure resilience in the face of geopolitical challenges.

Next Story
Infrastructure Urban

Coal Ministry Achieves Milestones under Special Campaign 5.0

The Ministry of Coal and its Public Sector Undertakings (PSUs) have achieved notable milestones under the Special Campaign 5.0, focusing on cleanliness, operational efficiency, and sustainability across the coal sector. During the implementation phase from 2–31 October 2025, over 1,205 sites were cleaned, covering 68,04,087 sq ft, nearing the target of 82,51,511 sq ft. Scrap disposal of 5,813 MT against a target of 8,678 MT generated Rs 228.7 million in revenue. In addition, 1,11,248 physical and 30,331 electronic files were reviewed, with 74,123 weeded out or closed. Key initiatives showc..

Next Story
Infrastructure Energy

Vesting Orders Issued for Three Coal Blocks under Commercial Auctions

The Ministry of Coal’s Nominated Authority has issued vesting orders for three coal blocks under commercial coal block auctions on 23 October 2025. The Coal Mine Development and Production Agreements (CMDPAs) for these mines were earlier signed on 21 August 2025. The three blocks include Rajgamar Dipside (Deavnara), Tangardihi North, and Mahuagarhi. Of these, two are partially explored while one is fully explored, with a combined peak rated capacity of around 1 MTPA and geological reserves of approximately 1,484.41 million tonnes. These mines are expected to generate annual revenue of abou..

Next Story
Infrastructure Urban

TEC, IIT-Hyderabad Partner to Boost 6G and Telecom Standards

The Telecommunication Engineering Centre (TEC), technical arm of the Department of Telecommunications (DoT), has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IIT Hyderabad) for joint research and technical collaboration in advanced telecom technologies and standardisation. The partnership focuses on developing India-specific standards and test frameworks for next-generation networks, including 6G, Artificial Intelligence (AI), and Non-Terrestrial Networks (NTNs). It also aims to enhance India’s participation in international standardisation f..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?