by AIP Online Bureau | Oct 1, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management
Disruptions in key shipping routes, particularly through the Suez Canal and Red Sea, have forced vessels to take longer paths around the Horn of Africa, leading to a 15-20 per cent increase in shipping costs New Delhi: The escalating conflict in West Asia is hurting...
by AIP Online Bureau | Jan 28, 2024 | Data, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management
The Shanghai Northern Europe container freight rates have risen by over 300 per cent to USD 6,000-7,000/TEU) since November 2023 The impact of the ongoing crisis around the Red Sea shipping route, which accounts for 50 per cent of the country’s exports and 30...
by AIP Online Bureau | Jan 28, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
“Freight costs have soared to USD 400-500 per 20ft container and USD 600-700 for 40ft container shipments to the UK,” Debojyoti Basu, vice-president of the Calcutta Customs House Agents’ Association Kolkata: Exports from Kolkata port, a gateway to...
by AIP Online Bureau | Jan 8, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Reinsurance, Risk Management
Higher global freight and insurance rates, possible upside risk to oil and global trade and re-emergence of potential supply chain would mean cost push inflation pressures New Delhi: India may see around $30 billion shaved off its total exports in the current fiscal...
by AIP Online Bureau | Dec 21, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management
New Delhi may consider an alternate route along Africa for shipments of basmati rice if attacks by Yemen’s Houthi group persist, which could lift prices by about 15% to 20%, the source added New Delhi: India’s exports face a shortfall of about $4 billion...
