Indian Exporters Face Shipping Cost Surge Amid Suez Canal Bypass Disruption

Indian Exporters Face Freight Cost Hikes as Ships Avoid Suez Canal

In a challenging turn of events for Indian exporters, the avoidance of the Suez Canal by ships is posing a threat to freight costs and logistics. The ripple effects of this strategic shift in maritime routes are reverberating across industries, impacting supply chains and economic dynamics. In recent times, the Suez Canal, a vital waterway for global trade, has witnessed changes in ship routes, affecting the cost dynamics associated with the transportation of goods. This shift is triggering concerns among Indian exporters who rely heavily on efficient and cost-effective logistics for internati..

Israel-Hamas conflict: Indian exporters may see higher costs

According to analysts, Indian exporters exporting goods to Israel may suffer higher insurance premiums and delivery expenses as a result of the Israel-Hamas conflict.

Israel faced an unexpected and unprecedented multifront offensive by the Hamas militant group, which administers the Gaza Strip, in its southern sections.

According to international trade experts, the conflict will diminish domestic exporters' profits but have no effect on trade volumes unless the war develops.

""For merchandise exports of India, the war may lead to higher insurance premiums and shipping cost..

Raw Material Supply to RINL from Gangavaram Port Resumes

After a hiatus of over a month, the supply of raw materials from Adani Gangavaram Port to Rashtriya Ispat Nigam Limited (RINL) has resumed. The disruption, caused by worker agitation at the port, had severely impacted RINL?s operations, which rely heavily on coking coal to manufacture steel.

RINL, based in Andhra Pradesh and one of India's top steel producers, faced significant operational challenges due to the lack of this critical raw material. The company had sought intervention from the Andhra Pradesh government to resolve the issue and ensure the resumption of coal supplies. The p..