News / Capture of MSC Aries will further drive up Indian export costs

Photo: JNPT

With heightened geopolitical tensions sparked by the Iran-Israel faceoff, Indian exporters are again staring at freight costs soaring even higher and new cargo flow disruptions, after recently enjoying some respite from the Red Sea shipping crisis.

The capture of the MSC Aries by Iranian forces last weekend has escalated what had already become a major, nagging supply chain concern for the industry.

The 14,000-teu vessel was reportedly on MSC’s India-Europe service Himalaya Express service on long-term charter from London-based Zodiac Maritime.

Indian industry ...