NO RELIEF FOR EXPORT-IMPORT TRADE AS SHIPPING COSTS EXPECTED TO FURTHER SHOOT UP
CONTAINER PRICE SENTIMENT INDEX AT ALL-TIME HIGH; CRISIS SHOWS NO SIGNS OF ABATING
2024-01-13 15:34
-
Shipping rates have already gone up by more than three times in a week after the January 9 attack by Houthis on the Red Sea. But supply chain professionals are warning that the rates are going to further shoot up in the coming weeks. This is bad news for India’s export-import trade, which is already facing a serious crisis due to shipping cost escalations.