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India is a country focused on its own development, however, the Red Sea crisis has dealt a huge blow to its export business. According to a report by India**, India's export losses during the Red Sea crisis amounted to at least $30 billion. The crisis has led to a spike in freight rates, such as $4,100 for a container from India to the United States, from $1,700 previously, and a four-fold increase in freight rates to Europe, from $700 to $3,500. At the same time, India has a limited number of vessels available, and freight rates on other routes are substantially larger**, even without passing through the Red Sea route. In response to this situation, India even plans to form a force to protect cargo ships, but they also know that as long as the Red Sea crisis is not resolved, no matter what measures are taken, there are risks, and freight and insurance costs cannot be reduced. Therefore, opening up a new sea route has become the most effective solution at present.
The Red Sea crisis has had a huge impact on India's export business. The soaring freight rates have increased the cost of transporting goods in India dramatically. For example, shipping rates for goods from India to the U.S. have started to plummet**, with the cost of shipping a container having skyrocketed to $4,100 from $1,700 previously. At the same time, the freight rate of goods in Europe has directly increased by 4 times, from $700 to $3,500. Due to the limited number of vessels available in India, freight rates on other routes have seen significant ** even without passing through the Red Sea route. Faced with this dilemma, India even plans to create a dedicated force to protect cargo ships, but they also know that only if the Red Sea crisis is resolved, whatever measures are taken will be risky, and freight and insurance will not be reduced. Therefore, opening up new sea routes became the best option to solve the problem.
To circumvent the Red Sea crisis, India faces two options: a bypass to Africa's Cape of Good Hope or an Eastern Maritime Corridor to resume cooperation with Russia. The option of circumnavigating the Cape of Good Hope, while reducing risk, is more costly and time-consuming, and will not solve India's export crisis. In contrast, the Eastern Maritime Corridor has a clear advantage. This route runs from Vladivostok in Russia's Far East to Chennai on the east coast of India, crosses the Sea of Japan, the East China Sea, the South China Sea, and then bypasses the Strait of Malacca and finally enters the Indian Ocean to the Bay of Bengal. Compared to the traditional Red Sea route, the Eastern Sea Corridor will save 16 days between Russia and India. This means that the improvement of international efficiency will increase the competitiveness of Indian products in the international market, thus solving India's export crisis. In addition, the Soviet Union relied on the Eastern Maritime Corridor to conduct economic exchanges with India during the Cold War, and the viability of this route has been proven. To that end, India moved quickly, holding detailed talks with Russia this week and presenting a feasibility study that said that Russia and India could transport either coking coal or fertilisers through this route**. Once the route resumes, potential cargo traffic between Russia and India is expected to reach 20 million tonnes per year next year. For Russia, the restoration of the Eastern Sea Corridor is also beneficial for the development of its eastern markets. In addition, the Russian side also said that the route can be further extended to the Bering Strait between Siberia and Alaska, which will make it easier for Russia to deliver ** and liquefied natural gas to India. Overall, the resumption of air routes is of great significance for both Russia and India.
To solve the problems posed by the Red Sea crisis, India is faced with two options: bypassing the Cape of Good Hope in Africa or resuming the Eastern Maritime Corridor with Russia. Although detouring the Cape of Good Hope can reduce the risk, it is more costly and time-consuming, and it cannot effectively solve India's export crisis. In contrast, the Eastern Maritime Corridor (HC) is a more reasonable and promising option. This route runs from Vladivos-Vystock in Russia's Far East to Chennai on the east coast of India, passing through the Sea of Japan, the East China Sea, the South China Sea, and bypassing the Strait of Malacca, and finally entering the Indian Ocean to the Bay of Bengal. Compared to the traditional Red Sea route, the Eastern Sea Corridor will save 16 days between Russia and India, improve international efficiency, increase the competitiveness of Indian products in the international market, and thus solve India's export crisis. The Soviet Union relied on the Eastern Maritime Corridor to conduct economic exchanges with India during the Cold War, so the viability of the route has been proven. To this end, India quickly opened talks with Russia and presented a feasibility study that said that this route could be carried out between Russia and India**, whether it is to transport coking coal or fertilizer. Once the route resumes, potential cargo traffic between Russia and India is expected to reach 20 million tonnes per year next year. In addition, Russia also sees the benefits of the restoration of the Eastern Maritime Corridor for the development of its eastern markets. In addition, the Russian side said that the route could be extended to the Bering Strait between Siberia and Alaska, making it easier to transport ** and liquefied natural gas to India. In summary, the resumption of the Eastern Maritime Corridor has positive implications for both Russia and India.
However, the restoration of the Eastern Sea Corridor also faces the problem of passage through China's nearby waters. Under international law, normal commercial traffic should enjoy the right to freedom of navigation, and China has always complied with international law as a responsible power, but the current situation will increase India's concerns about using the Eastern Maritime Corridor. In particular, China's expansionist behavior in the South China Sea and the Indian Ocean region has made India concerned about China's military presence and control. Therefore, India has sought Russia's help to secure its own sea lanes. As a long-term partner, Russia has a strong maritime power and defense capability to provide support and protection in the Indian Ocean region. Russia and India have reportedly made important progress in joint research and strategic dialogue, including the joint development of the Horse Super ** system, which will allow India to protect its sea lanes from any threat. In addition, Russia also expressed its readiness to send its fleet and ** to the Indian Ocean region for joint training and cruises in order to strengthen cooperation and strategic partnership between the two sides. This would not only protect India's sea lanes, but also enhance military and economic cooperation between the two countries, further strengthening stability and security in the Asian region.
However, the restoration of the Eastern Maritime Corridor also faces the problem that it needs to pass through China's nearby waters. According to the provisions of international law, normal commercial transport should enjoy the right to freedom of navigation, and China, as a responsible major country, has always abided by international law. However, the current situation has increased India's concerns about the use of the Eastern Maritime Corridor. In particular, China's expansionist behavior in the South China Sea and the Indian Ocean region has raised concerns about China's military presence and control in the region. Therefore, India has sought Russia's help to secure its own sea lanes. As a long-term partner, Russia has strong maritime forces and defense capabilities to provide support and protection in the Indian Ocean region. Russia and India have reportedly made significant progress in joint research and strategic dialogue, including the joint development of the M-Weapon super-system, which will allow India to protect its sea lanes from any threat. In addition, Russia also expressed its readiness to send its fleet and ** to the Indian Ocean region for joint training and cruises in order to strengthen cooperation and strategic partnership between the two sides. This will not only protect India's sea lanes, but also strengthen military and economic cooperation between the two countries, further strengthening stability and security in the Asian region.
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