<ul data-eligibleForWebStory="true"><li>The Baltic Dry Index, a key shipping cost benchmark, has surged over 50% to 1,968 by mid-June from 1,280 a month ago, impacting Indian exporters.</li><li>Rising global shipping costs due to the Israel-Iran conflict are expected to lead to trade disruptions and higher expenses for exporters.</li><li>Pankaj Chadha from the Engineering Export Promotion Council predicts increases in freight rates and insurance costs in July.</li><li>Container costs are anticipated to escalate in the coming days, affecting overall shipping expenses for exporters.</li><li>Shipping prices may rise further if Iran blocks the Strait of Hormuz, potentially causing significant trade route disruptions.</li><li>Concerns exist over the regular operation of ships and container availability, impacting trade routes to Europe.</li></ul>

'Matter Of When, Not If': Exporters Brace For Higher Costs As Baltic Dry Index Up 50%

Discover more