Core Insights - The shipping ministry has directed port authorities to consider waiving or reducing charges for cargo shipments bound for West Asia that are stranded in India due to the escalating conflict in the region [6][7] - Ports are instructed not to impose any additional charges during the disruption, and to prioritize handling of perishable cargo to prevent deterioration [3][6] - The government is facilitating the movement of export cargo back into the domestic market and allowing cargo destined for West Asia to be stored as transshipment cargo [2][6] Port Operations - Port authorities are to allocate additional storage space and provide additional bunkering capacity to meet potential demand [3][6] - There are concerns about potential congestion at ports and a shortage of containers within the next two to three weeks, prompting these directives [3][6] Shipping Capacity - A suggestion was made to allow more foreign-flagged vessels to carry domestic cargo to address the shortage of ships and containers as freight costs rise [6][7] - Currently, 11 vessels at different Indian ports are destined for the Persian Gulf, while 35 Indian-flagged vessels are operating in the region [6][7] Financial Discussions - The Directorate General of Foreign Trade (DGFT) is in discussions with insurance companies to address a spike in insurance premiums linked to the crisis [7] - The Reserve Bank of India has met with the Indian Banks' Association to ensure that banks operating in West Asia allow staff to work from home to prevent disruptions for exporters, importers, and shipping lines [7]
India asks ports to ease charges as West Asia conflict hits shipments
The Economic Times·2026-03-07 07:55