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Exporters face rising costs as ships avoid Suez Canal
December 20, 2023
|Mint Mumbai
Indian exporters are staring at a rise in shipping costs as freight lines are forced to avoid the Suez Canal and take a longer route around Africa to reach the West following tensions in the Red Sea.
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The alternative route around the Cape of Good Hope could increase shipping time. between Mundra and Rotterdam by a third, experts said, adding that freight rates are likely to go up.
هذه القصة من طبعة December 20, 2023 من Mint Mumbai.
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