“By getting the partner in those countries to pay half of the costs, we can still keep a lid on soaring shipment costs through Red Sea,” said a Dubai based food commodities trader with extensive sourcing and selling commitments in North Africa. Issue with exportsBut now, other UAE based entities are also having to find some solutions to what’s going on in the Red Sea. This is why Harish Tahiliani, Managing Director of Arab India Spices, says: “There are some longstanding supplier relations that are at stake because of the Red Sea issue. For now, there is no one in the shipping industry willing to make guesstimates on when the Red Sea turmoil will likely wind down. Longer by ‘10-12 days’There is acceptance that shipments to Europe and key North African ports will take longer, by 10-12 days and, in some cases, even longer.
