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Exporters suffer as Houthi attacks make vessel cover costlier
Credit: IndiaTimes- Published 2 weeks ago
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
On Monday, external affairs minister S Jaishankar emphasized that India's significant deployment of naval vessels to protect shipping routes amidst Houthi..
Credit: IndiaTimes - Published 5 days ago
Credit: IndiaTimes - Published 5 days ago
Indian warship, INS Kochi on Sunday responded to the maritime security incident involving an attack on a Panama-flagged crude oil tanker, MV Andromeda Star PM...
Credit: IndiaTimes - Published 6 days ago
Red Sea
Arm of the Indian Ocean between Asia and Africa