Red Sea crisis: Over 700% rise in freight rates give exporters a sinking feeling
iStock Synopsis Supply chain woes mount for traders as the Houthi attacks increase freight rates, insurance costs and travel time. 13 mins read, Last Updated: Feb 14, 2024, 01:01:00 PM IST As the spectre of Houthi attacks engulf the Red Sea region, its repercussions on global trade are tightening the choke on Indian exporters. Freight …