India reports West Asia container rates $2,000 and LPG $207
NewsBytes | May 19, 2026 6:39 AM CST
West Asia oil shipping costs double
Crude oil shipping costs have also doubled, and fewer ships are making the trip between India and West Asia: monthly departures dropped from 444 to just 125.
The shipping ministry says things are still changing and they're "keeping a close watch on the developments" while sharing updates for transparency.
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