Exporters suffer as Houthi attacks make vessel cover costlier

Credit: IndiaTimes- Published on April 20, 2024

Indian exporters are facing challenges as costs surge due to Houthi attacks on shipping in the Red Sea, resulting in a significant rise in cargo insurance premiums. Some products have seen increase as high as 500%, while the average insurance premium is now 60% higher. Reasons for increase is heightened risks in the region,...

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Houthi movement

Islamist political and military organization in Yemen

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Red Sea

Arm of the Indian Ocean between Asia and Africa

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