Market News

DG Shipping orders ports to pass export concessions upfront, flags war-risk charges

India's Directorate General of Shipping is ensuring exporters with stranded Gulf-bound cargo receive immediate concessions. Ports must pass on waivers directly, not through reimbursements. Shipping lines must also transparently reflect war-risk insurance premium revisions in freight charges. This move aims to protect exporter interests and maintain operational continuity during the ongoing crisis.