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SHIPPING LINES REROUTED
‘Ocean freight rates will come down eventually, we have seen this before’: DP World COOGlobal ocean freight rates are predicted to decrease after a surge due to logistical disruptions from the US-Iran conflict. DP World rerout...- High freight rates narrow Indian refiners’ crude oil choices, squeeze marginsWith freight rates reaching unprecedented levels, Indian refiners are facing escalating crude oil expenses that are eroding their margins. ...
- ET Evoke: ‘Shipping, moving 80% world trade, is far more volatile than stocks,’ says Harvard University's Myrto KalouptsidiMyrto Kalouptsidi, Harvard professor of international economics, explains how shipping disruptions at chokepoints such as Hormuz, Suez and ...
- India has ‘insulated' itself from the 'turbulence' of crude supply shock: Hardeep Singh PuriUnion minister Hardeep Singh Puri said India has so far insulated itself from crude oil and natural gas supply disruptions caused by the We...
- Oil Price Today (September 24): Crude oil falls to $102 as Iran signals its openness to diplomacy. What are experts saying?Brent crude futures fell 94 cents, or 0.9%, to $102.13 a barrel, while West Texas Intermediate futures declined 59 cents, or 0.7%, to $91.5...
- Oil Price Today (September 23): Crude oil below $100 on hopes of US-Iran talks. What did Trump say?Brent crude futures fell 7 cents, or 0.07%, to $99.18 a barrel, while West Texas Intermediate futures declined 35 cents, or 0.39%, to $90.1...
- Russia squeezed, Saudi route hit, China circles: Why India's oil bill could get heavierIndia is encountering soaring costs for crude oil imports due to ongoing global supply chain issues. Disruptions in Saudi oil export infras...
- Saudi Arabia intercepts Houthi drone near Mecca, warns of ‘red line’ over holy sitesSaudi Arabia's air defences intercepted and destroyed a Houthi drone south of Mecca before it entered prohibited airspace, the Saudi-led co...
- New problem shaping up for the oil market as Hormuz remains shutHouthi forces have seized Perim Island, threatening the vital Bab el-Mandeb Strait shipping lane. This development occurs as the Strait of ...
- India must strengthen shipping capacity, naval protection amid growing chokepoints: GTRIIndia must treat maritime insecurity as a long-term trade risk as the Red Sea crisis crosses 1,000 days, GTRI said. Longer shipping routes ...
- Several measures announced to cushion exporters from Gulf conflict impact: DGFTIndia is taking steps to help exporters facing challenges due to the Gulf conflict. Key sectors like gems, jewellery, rice, and pharma are ...
- Freight surge, LPG shortage amid West Asia crisis hit eastern India's exportsEastern India's exports face severe disruption due to the West Asia crisis. Freight rates to Europe and the US have surged by 60-80 percent...
- A distant war, a direct hit: India’s trade arteries choke as Gulf shipping descends into chaosShipping lines divert vessels, insurance premiums surge, and new surcharges emerge as tensions in West Asia disrupt key trade route through...
- Uncertainty looms as shipping is hit, exporters in wait and watch modeIndia's Directorate General (DG) of Shipping issued advisories for seafarers presently in Iran, Strait of Hormuz, Persian Gulf and adjacent...
- Asia-US sea freight rates set to extend declines amid tariff chaosAsia-U.S. sea freight rates are projected to decrease further in 2025 due to overcapacity and shifting trade routes influenced by tariffs a...
- Sea and air freight costs likely to riseGlobal shipping lines had started avoiding the West Asian region after the Israel-Gaza conflict escalation in October 2023. Attacks on comm...
- Escalating emissions: How Red Sea disruptions are driving up carbon emissionsMany companies had already revamped their supply chains as they navigated COVID-19 disruptions, extreme weather risks, trade protectionism ...
- Indian exporters revisit pacts amid disruption at high seaIndian exporters seek legal advice after attacks by Houthi rebels and Somali pirates. They revise contracts, opting for DAP and FOB terms, ...
- How companies are responding to attacks on ships in the Red SeaAttacks on vessels by Iranian-backed Houthi militants in Yemen, targeting a route that accounts for about 15% of the world's shipping traff...
- Shipping lines rerouting vessels as Suez remains blocked“There will be port charges for the cargo which is offloaded at these ports,” said Ramkumar Govindarajan, chief executive officer of Wiz Fr...
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