News / Indian shippers face cost shocks as carriers bring in crisis price hikes

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Indian cargo owners are facing multiple shipping cost shocks, even as they work through sailing disruptions and the associated challenges stemming from the Red Sea/Suez Canal crisis. 

According to local forwarder sources, major carriers calling at Indian ports have implemented hikes in their local tariffs, especially terminal handling charges (THCs) this month and, in some cases, again in February. 

A Mumbai-based forwarder told The Loadstar: “The scale of hikes at Nhava Sheva being implemented is in the range of 5% or so.” 

To illustrate, ...