Despite easing oil prices, India's shipping costs remain high due to rerouted vessels avoiding conflict zones and increased insurance premiums impacting global trade routes.
Shipping lines are avoiding conflict-hit routes
Jul 27, 2026
01:01 pm
What's the storyDespite a decline in oil prices, India's shipping industry is still facing high freight costs.
The reason? Vessels are avoiding conflict-hit routes, taking longer sea lanes, and paying higher insurance premiums.
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