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‘Tripling transportation costs’: Red Sea attacks are spiralling and India is feeling the heat

By Economic Times - 10 months ago
Yemeni Houthi rebels have escalated attacks on commercial ships in the Red Sea, causing global supply chain disruption. The attacks began after the Israel-Hamas conflict escalated in October, with Houthi militants attacking merchant ships. Indian shipping companies are raising concerns due to the escalating nature of these incidents, with shipping costs increasing significantly.

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