FFFAI Flags War Risk Surcharges of Up to $4,000 per Container as 70% of Indian Exports Disrupted by Hormuz Crisis

India’s Freight Forwarders Seek Action on Gulf War Risk Fees

India’s freight forwarding industry is alarmed by soaring War Risk Surcharges (WRS) imposed by international shipping lines on Gulf-bound cargo. The Federation of Freight Forwarders’ Associations in India (FFFAI) has urged intervention from the Ministry of Ports, highlighting potential profiteering as exporters face increased financial strain and significant disruptions.

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Hapag-Lloyd secures bio-LNG supply from Shell

Hapag-Lloyd Collaborates with Indian Government to Boost Sustainable Shipping

Hapag-Lloyd and the Indian Government have signed three letters of intent to enhance maritime cooperation and strengthen India’s shipping sector. The partnership includes possible reflagging of vessels under the Indian registry, subject to commercial evaluations. Additionally, a ship recycling ecosystem is being developed to process 100 decommissioned vessels sustainably.

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India Secures LPG Lifeline: Nanda Devi Docks Safely at Vadinar

Critical LPG Shipment Arrives in India Amid Strait of Hormuz Tensions

India’s energy supply chain marked a significant milestone as the LPG carrier Nanda Devi safely arrived at Vadinar port, delivering 46,500 metric tonnes of liquefied petroleum gas after navigating the Strait of Hormuz. This successful transit reassures energy planners amidst regional tensions and ensures vital resources reach consumers across Tamil Nadu and Haldia.

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