On Monday, India and Iran signed a long-term contract for the development of Chabahar Port after years of negotiations. This has paved the way for increased Indian investment in the strategic port, which will serve…
The Houthi rebels’ attacks in Yemen to pressurise Israel to stop its offensive against Hamas in Gaza have wider implications for global trade via the Suez Canal. According to Crisil, out of all the sectors,…
SHIPPING LANES are under pressure. Seven of the world’s ten biggest shipping companies have suspended transit through the Red Sea, where the Houthis, a Yemeni rebel group, are attacking commercial vessels. As a result far…
When Iranian-backed Houthi militants began launching missiles and drones at ships crossing the Red Sea near Yemen in October, many feared disruption to the vital shipping lane would drive up energy prices. But oil and…
MUMBAI : Indian exporters are staring at a rise in shipping costs as freight lines are forced to avoid the Suez Canal and take a longer route around Africa to reach the West following tensions…