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TRANSIT DISRUPTION SURCHARGE
Australia relaxes Gulf travel advice in boost for Middle Eastern airlinesAustralians can now travel to the UAE, Qatar, Bahrain, Israel, and Kuwait. The government has eased travel warnings for these nations. This...- Paying thousands extra has become the only way forward for many US visa applicantsPremium processing has become a necessity for many US immigration applicants due to escalating delays in standard visa and employment autho...
- Air India CEO flags flight cuts as jet fuel spike makes routes unviableAir India is reducing flights due to soaring jet fuel costs and airspace issues. International operations are becoming unprofitable. Furthe...
- Pharma exports fall to five-year low in March amid West Asia crisisIndia's pharma exports saw a sharp 23.17% fall in March. The West Asia war disrupted shipping routes and air transit hubs. This led to incr...
- Iran-US war pushes polymer, resin prices up 60%; plastics exporters squeezed despite ceasefireFreight rates jump up to 10x, polymer prices rise 60%, while supply disruptions and supply chain delays strain MSMEs and the sector's expor...
- Ceasefire fails to ease pressure on chemical exporters; 50% trade still at riskIndia's chemical exporters are struggling despite a ceasefire. Supply chains remain disrupted, and costs are high. Shipping through the Gul...
- Hyundai Motor flags export disruptions as Middle East conflict hits shippingHyundai Motor faces export disruptions due to the Middle East conflict. Shipments to Europe and North Africa are delayed, increasing costs....
- 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...
- Biz chamber seeks RBI relief for exporters hit by West Asia disruptionsIndian exporters are facing significant challenges due to global shipping route disruptions. The Bharat Chamber of Commerce has requested t...
- Shipping wars stitch higher costs into India’s apparel exportsIndia's apparel exporters are facing increased costs due to the West Asian conflict, with shipping routes extended and war surcharges addin...
- Planning early shipments, exploring alternate routes amid West Asia crisis: ExportersIn light of the West Asia turmoil, Indian exporters are becoming agile strategists, monitoring the movements of shipping companies with a k...
- War in West Asia slows India’s rice exports as freight costs surgeIndian rice exports are encountering a significant hurdle. The surge in freight and insurance expenses, closely linked to the ongoing U.S.-...
- DG Shipping moves to curb ‘predatory’ pricing by shipping linesThe Directorate General of Shipping is taking significant steps to safeguard the interests of Indian exporters by tackling unreasonable fee...
- Govt to use all tools to support exporters amid West Asia crisis: Piyush GoyalIndia's government will deploy all policy tools and relief measures to aid exporters impacted by the West Asia crisis. An inter-ministerial...
- Jindal Stainless flags possible shipment delays to Middle EastIndia's Jindal Stainless anticipates potential near-term delays in steel shipments to the Middle East due to regional conflict. While the M...
- India rice exports hit by Iran crisis: Exporters seek urgent govt supportThe current global shipping crisis is hitting Indian rice exporters hard, forcing the Indian Rice Exporters Federation to call on the gover...
- Iran war disrupts global ocean freight and air cargo supply chains beyond oilIran war: Cargo ships are stuck in the Gulf or making a much longer detour around the southern tip of Africa. Planes carrying air cargo out...
- Maersk suspends select cargo bookings between India, neighbouring countries and Upper Gulf markets amid Middle East tensionsIn light of recent developments, the shipping titan Maersk has temporarily halted specific cargo bookings in West Asia. The acceptance of r...
- Emergency Conflict Surcharge ups shipping costs for tradersShipping costs are increasing as carriers implement an Emergency Conflict Surcharge. This charge applies to cargo passing through the Strai...
- ET exclusive: Shipping giant Maersk decides to resume Red Sea voyages“As of Sunday 24 December 2023, we have received confirmation that the previously announced multi-national security initiative Operation Pr...
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