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TVS Offer Chain Alternatives executive chairman R Dinesh instructed CNBC-TV18 the company expects freight prices to carry on likely up for quite a while and it truly is difficult to predict for the number of quarters it will last.
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Having said that, its worries in freight forwarding have been exacerbated through the modern maritime crisis from the Red Sea, in which a current influx of pirate assaults by Houthi rebels.
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"We'll go on to locate options for our prospects," reported Dinesh, reflecting on the continued crisis, "We are eager to continue Checking out choice alternatives to Red Sea routes, and we expect freight prices to continue likely up for some time."
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