News / Far East-Middle East/India trade booms, as European exporters suffer

Mundra Port. Credit Adani Group

Other than elongated transit times, Asia-Europe container supply chains may be so far largely unscathed by the Red Sea crisis and vessel diversions around the Cape of Good Hope – but for European exporters to the Middle East and Indian subcontinent, it has been a disaster.

Massively increased transit time and sky-rocketing freight rates on both headhaul and backhaul trades have led more and more Indian businesses to turn to Far East suppliers to source materials, according to new analysis by ...