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Per a research report published recently, India’s ban on vessels carrying Pakistani goods from anchoring at its port facilities has led to a rise in freight prices and longer transit times.
After the terror attack in Pahalgam on April 22, the ban, which went into effect on May 2, prevents the direct or indirect import or transit of cargo produced in or exported from Islamabad.
Importers from Pakistan have stated that the development has led to several logistical problems.
Analysts say that, because of the restriction, mother ships can no longer arrive at Pakistan’s ports, which leads to delays in shipment by 30 to even 50 days.
Traders have resorted to using feeder ships, which are expensive and are driving up import prices. The cost of shipping and insurance has also risen, according to exporters.
Read more in an article from Marine Insight.
