] NEW DELHI: War risk insurance premiums and shipping
] delays due to security fears could mean falling profits
] for Indian exporters as a drawn-out military conflict in
] Iraq becomes more likely.
]
]
] Foreign-registered vessels have imposed premiums as high
] as 0.9 per cent on goods carried from India to the Middle
] East, and Indian ships may follow suit, Dow Jones
] Newswires reported Tuesday.
]
]
] Some goods are stuck in port, the Indian Export
] Organization said, with ships unwilling to venture near
] the battle zone. Shipping agents say total costs could
] rise by $100 per container due to higher fuel charges