 "import, export, economy, shipping")
Indian shippers are bracing for rising costs and increased vigilance as geopolitical conflicts have prompted an increasing number of shipping lines to avoid the Red Sea.
Iran-aligned Yemeni Houthi militant group said it launched a drone attack on a cargo vessel in the area on Monday, the latest in a series of such strikes that it says are a response to Israel’s assault on the Gaza Strip. About 15 per cent of world shipping traffic transits via the Suez Canal, the shortest shipping route between Europe and Asia.
A senior official with the Directorate General of Shipping said the Centre
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