Shipping Crisis and Slowing Exports Amid Geopolitical Tensions

Published

The ongoing conflict in West Asia has severely impacted Indian outbound shipments, with merchandise exports falling 7.44% in March to $38.92 billion. Shipments to key markets like the UAE and Saudi Arabia contracted by over 45%, as shipping companies remain reluctant to navigate the volatile Persian Gulf. This crisis has exposed critical gaps in India’s maritime strategy, where a heavy reliance on foreign vessels and “Cost, Insurance, and Freight” (CIF) contracts has left strategic imports like fertilizers and energy vulnerable. In response, Commerce Minister Piyush Goyal has called an urgent meeting with Export Promotion Councils (EPCs) to discuss freight relief and insurance support. Industry leaders are now advocating for a rapid expansion of the national fleet and a shift toward “Free on Board” (FOB) contracts to gain better control over national logistics.

Get in touch with us

Fill the following details and send your query to us and we will provide the support you need.

Support Center 24/7

+022 4322 4000 (25 lines) Time : 10 AM - 6 PM

Our Location

1st Floor, Old Oriental Building, 65 M.G. Road, Mumbai: 400023