Attacks on merchant vessels in Red Sea have tripled transportation cost, says CEO of Indian shipping firm

Gandhinagar (Gujarat) [India], January 13 (ANI): Weighing in on attacks on merchant ships by Yemen-backed armed Houth rebels in the Red Sea, Raajesh Bhojwani, the Chief Executive Officer (CEO) of RBB Ship Chartering, on Friday said the shipping costs have gone up manifold in the wake of these incidents.

RBB Ship Chartering deals in ship chartering services, including dry bulk cargo shipping and various types of vessel cha