Section

Red Sea crisis not much affected container availability: Government to Parliament

By Economic Times - 9 months ago
The government assures that the crisis in the Red Sea has not significantly impacted container availability in most ports. However, there has been a rise in freight costs and container sailings from India have been redirected via the Cape of Good Hope route. The Indian Navy has increased maritime surveillance efforts in the Arabian Sea and is working closely with the Coast Guard. The closure of the Tuticorin smelter plant has affected domestic copper production. The government is closely monitoring the situation.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.