by AIP Online Bureau | Feb 16, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
Many suppliers sign export deals on a cost, insurance and freight basis, making them responsible for any increases in freight and insurance costs New Delhi: Atul Jhunjhunwala, an exporter in the Indian eastern city of Kolkata, is tearing his hair out, having just lost...
by AIP Online Bureau | Jan 24, 2024 | International News, Non-Life, Reinsurance, Risk Management
According to Freightos, a cargo booking company, the cost of shipping containers from China to the Mediterranean Sea has more than quadrupled since late November WASHINGTON: Two months of missile, drone and hijacking attacks against civilian ships in the Red Sea have...
by AIP Online Bureau | Jan 24, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
Courtsey-FOX News The conflict’s impact on the safety of commercial shipping in the Indian Ocean “has a direct bearing on India’s own energy and economic interests”, Deputy Permanent Representative R. Ravindra said on Tuesday at a high-level meeting of the...
by AIP Online Bureau | Jan 16, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance, Risk Management
Around 80 per cent of India’s merchandise trade with Europe passes through the Red Sea and substantial trade with the US also takes this route. Both these geographies account for 34 per cent of the country’s total exports New Delhi: Indian exporters are...
by AIP Online Bureau | Jan 6, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
The Houthi conflict’s disruption of the Red Sea shipping lanes significantly impacts Indian trade, especially with the Middle East, Africa, and Europe, the Global Trade Research Initiative (GTRI) said New Delhi: The increasing Red Sea crisis may impact trade as...
