India to add small ships to West Asia from April 15 as freight surges 300%: FIEO

Amidst the turmoil of the West Asia crisis, exporters are grappling with an astonishing 300 percent hike in sea freight rates. In response, India plans to ramp up operations of smaller vessels between India and Gulf nations starting April 15. This strategic shift is designed to alleviate the backlog of shipments and mitigate the effects of soaring shipping expenses.