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Exporters resume shipping through Red Sea route

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Indian export consignments have gradually started moving through the Red Sea route again, exporters body FIEO said on Tuesday. This signals a cautious recovery in shipments after months of disruptions on the route caused by regional tensions.

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Due to recent Houthi attacks, the shippers were taking consignments through the Cape of Good Hope, encircling the African continent, resulting in delays of almost 14-20 days and higher freight costs.

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