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ET Markets - Industry 57d ago
Redington turns to air freight as Gulf conflict disrupts sea routes
Indian IT distributor Redington is using more air freight to deliver products to the Middle East. Conflict has disrupted sea routes, forcing this shift. Air freight rates have risen due to higher fuel costs and reduced shipping capacity. Redington is also rerouting supplies and arranging new insurance. Despite some demand dips, the company anticipates revenue growth.
IWPREDINGTONSCIForest MaterialsServices
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LiveMint - Markets 117d ago
Dubai Stocks Fall Into Bear Market as Iran War Enters Third Week
Dubai stocks slid into bear-market territory as the crisis in the Middle East caused chaos in the energy, shipping, real estate and tourism industries.
ABRELENERGYGKENERGYKPELSCITRELConstructionFinancial Services