Shipping Costs
High Shipping Costs, Shipments' Delay, Red Sea Woes Hit Textile Exports
News Trade

High Shipping Costs, Shipments’ Delay, Red Sea Woes Hit Textile Exports

The Bank of Baroda (BoB) in a recent report has said that increased shipping costs and delays in shipments due to the Red Sea crisis is a major headwind for the textile sector. The report titled ‘Corporate performance: Q3-FY24’ stated that for the textiles sector, festive demand momentum was short-lived as discretionary demand continues to […]

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Indian Logistics Sector Adapts Swiftly To Red Sea Crisis
International News Trade

Eurocommerce Urges EU Intervention In Red Sea Crisis, Citing Impact On Retailers

Eurocommerce, a European retail sector association, urged European Union institutions and member states to settle the Red Sea situation, which has interrupted trade, stating in a letter to Belgium’s foreign minister that it has already had “massive impacts” on businesses. Shipping companies have moved container ships away from the Red Sea to avoid Houthi insurgent […]

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