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Red Sea shipping pause: Industry sees 30% rise in costs, 2-week delay, ET Auto

Red Sea Shipping Pause: Sector watchers said that the alternate route between Europe and Asia through the Cape of Good Hope will take two-three weeks more, depending on where the consignment is to be delivered. This is likely to result in containers being held up in transit for longer and freight prices firming up.
Red Sea Djibouti General South Africa Amitabh Kumar Ajay Sahai Federation Of Indian Export Organisations

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