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Red Sea Shipping Crisis Shoots Up Indian Tire Export Costs
5 Views13 Feb 2024 11:13
The Red Sea crisis stemming from Yemen-based Houthi attacks on shipping liners has escalated the shipping costs of Indian tire makers exporting to the US and European markets. While 14 to 20 more days are needed to reach Europe and the US East Coast through the alternative Cape of Good Hope route, the freight rates through this route are up to four times higher.
What is covered in the Full Insight:
- Introduction
- Impact on Indian Tire Industry
- Kerala Port Updates
- Western Tire Companies' Response
- UK Tire Disposal Issues
SUMMARY
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