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...
by AIP Online Bureau | Jan 3, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The Suez Canal is used by roughly one third of global container ship cargo. Redirecting ships around the southern tip of Africa is expected to cost up to $1 million in extra in fuel for every round trip between Asia and northern Europe Denmark’s Maersk and...
by AIP Online Bureau | Dec 31, 2023 | Eco/Invest/Demography, International News, Risk Management
Combined with disruptions at a drought-stricken Panama Canal in the Western Hemisphere, the rise in merchant shipping rates poses headwinds for central bankers in their inflation fight Shipping costs are rising as hundreds of container ships that typically transit the...
by AIP Online Bureau | Dec 26, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The world’s top shipping firms, including Maersk and Hapag Lloyds, stopped transiting the Red Sea after Yemen’s Houthi militant group starting targeting vessels earlier in December, disrupting global trade through the Suez Canal Germany’s Hapag-Lloyd...
