Category: Logistic
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India: Ministry of Ports, Shipping, and Waterways outlines proactive approach to address container shortage
The Red Sea crisis, which began in late 2023 and continued into early 2024, has significantly impacted global maritime trade. This disruption has diverted ships from the Suez Canal to the Cape of Good Hope, extending transit times by 35-40%. This diversion led to extended shipping routes, delays at major ports, and higher freight rates…