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Pakistan imports, exports hit as India bans transshipment of cargoes via its ports
Pakistan's trade hit as India refuses transhipments, leading to shipping delays, increased costs, and economic repercussions.
"Shipping companies are now using Colombo, Salalah, and Jebel Ali transhipment terminals to send consignments to Pakistan. Adding to Islamabad’s woes, shipping companies have begun to levy emergency operational surcharges.
Insurance charges have increased for vessels heading to Pakistani ports. Parties that enter into any shipping deal with Pakistani sellers are demanding bank guarantees. These are adding to their woes,” said a trader.
This has led to most of the shipping lines suspending direct services of mother vessels to and from Pakistan and deploy feeder vessels to Pakistani ports and terminals, media reports from Islamabad said."