Page 7 - ITLN March-April 2025

vessels to reroute around the Cape of
Good Hope, significantly increasing
transit times and costs. Sathya Menon,
Group CEO of Blue Ocean, underlines
the severity of the situation. He noted,
"The Red Sea is a lifeline for 80% of
India’s Europe-bound exports, and
rerouting via the Cape of Good Hope
isn’t just about time. It’s also about
costs rising, contracts crumbling, and
trust under fire."
Meanwhile, Shailesh Sapale, Co-
Founder & Chief Revenue Officer of
Trezix, underscores the financial burden
on exporters. "Average shipping times
have increased by 30-45 days, resulting
in 20-30% higher inventory costs for
exporters. Additionally, rising U.S.
tariffs have led to a 15-20% decline in
demand for certain Indian products in
the U.S. market," he said.
Trezix is a SaaS platform that
helps importers and exporters
manage documentation, approvals,
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www.itln.in March - April 2025