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The Economic Times

Economy / The Economic Times

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Indias shipping services to East Hormuz and Red Sea doubled from February

Shipping routes East of Hormuz and in the Red Sea have seen a significant increase in services. The Indian government is also processing a large number of applications for the Emergency Credit Line Guarantee Scheme 5.0. This comes as tensions in West Asia have impacted maritime trade and insurance. India has launched a maritime insurance pool to support its vessels.

1 Jun 2026 9:50 pm