Team Goemkarponn
MORMUGAO::The Iran-US conflict and the subsequent closure of the Strait of Hormuz have severely affected port and shipping-related businesses, including operations at berths 10 and 11 of the Mormugao Port Authority.
With a major share of the cargo handled at these berths originating from the Middle East, the disruption has resulted in significant business losses. Regular shipments of fertiliser raw materials have also been held up, while prices have witnessed a sharp spike.
However, the reported reopening of the route for Indian vessels has raised hopes of a revival in port-related business, Delta Ports Vice-President Raghoba Kotkar said.
Kotkar expressed hope that the resumption of vessel movement through the strategic shipping route would help restore cargo operations and bring relief to businesses affected by the prolonged disruption.
