audi: Red Sea crisis impacting supply chain, expect recovery in coming months: Audi India Head

Muonio: The situation in the Red Sea is creating supply chain issues for German luxury carmaker Audi, impacting car deliveries to customers in India in the first quarter but recovery is expected in the coming months, according to a senior company official. With electrification on its primary agenda, the company is also evaluating the possibility … Read more

Red Sea crisis: Expect some impact on costs due to Red Sea crisis: Maruti Suzuki

Maruti Suzuki may see some increase in costs due to the rerouting of vessels amid the ongoing Red Sea crisis, according to a senior company official. The auto major, which exported around 2.7 lakh cars last calendar year, however, noted that it does not expect the issue to have a very big impact on the … Read more

LNG tankers carrying Qatari LNG resume course, data shows

Four tankers used for shimpents of Qatari liquefied natural gas (LNG) have resumed course after pausing for several days amid maritime attacks by Yemen’s Iran-aligned Houthis in the Red Sea, LSEG shiptracking data showed on Tuesday. The Houthi attacks, in what they call a bid to support Palestinians in the war with Israel, have disrupted … Read more

How Yemeni Houthi rebel attacks on ships in the Red Sea are crimping global trade

The attacks on commercial ships in the Red Sea by Yemen’s Iran-backed Houthi rebels have rerouted most of the trade normally flowing through the crucial maritime artery for consumer goods and energy supplies, a shift that’s delaying shipments and raising transport costs. The impact struck home Friday when electric car maker Tesla said it had … Read more