Red Sea crisis may push shipping cost by up to 60 pc, insurance premiums by 20 pc: GTRI

The increasing Red Sea crisis may impact trade as it is expected to push shipping costs by up to 60 per cent and insurance premium by 20 per cent, a report by economic think tank GTRI said on Saturday.
This conflict could also result in increased shipping …
Red Sea crisis may push shipping cost by up to 60 pc, insurance premiums by 20 pc: GTRI