Mumbai Oil Spill To Incur Loss USD 4 Billion
August 17, 2010: Four billion dollar of trade will be lost if the oil spill off the Mumbai coast is not dealt with by the weekend. The situation has already prompted exporters and importers to ask the government for financial relief.
The recent oil spill off the Mumbai coast has disrupted cargo traffic at JNPT and Mumbai port. And if the situation is not addressed by the end of the week, the Federation of Indian Export Organizations (FIEO) estimates that USD 4 billion of trade cargo will be lost. Read the full report