Twin sea-route squeeze may double freight costs, force 35-day detour: Shipowners' body chief
NEW DELHI: India-bound cargo could face an additional 30-35-day voyage and double freight costs with twin disruptions at the Strait of Hormuz and the mounting concerns at southern Red Sea-Bab el-Mandeb, the Indian National Shipowners' Association (INSA) warned on Wednesday.
The sinking of Indian cargo vessel MSV Faize Noore Oliya—that capsized in the Red Sea after being struck by a projectile off Yemen on Tuesday -- has also heightened concerns. All 14 crew members, including 13 Indians, were rescued, according to the Union shipping ministry .
The sinking of Indian cargo vessel MSV Faize Noore Oliya—that capsized in the Red Sea after being struck by a projectile off Yemen on Tuesday -- has also heightened concerns. All 14 crew members, including 13 Indians, were rescued, according to the Union shipping ministry .
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