New Delhi, Oct. 28 -- Navy chief Admiral Dinesh K Tripathi said that the Red Sea crisis showed that a single maritime chokepoint can send ripples through global freight indices, insurance premiums, and food prices.

Addressing the Indo-Pacific Regional Dialogue (IPRD), Tripathi said that illegal, unreported, and unregulated fishing; piracy; arms and narcotics trafficking; human smuggling are issues faced in maritime surroundings.

"According to a recent report, global C1 trade growth is projected to stall at 0.5 per cent in 2025, a sharp drop from 2.2 per cent in 2024. The Red Sea crisis has demonstrated how a single maritime chokepoint can ripple through global freight indices, insurance premiums, and food prices. The seas are witnessing...