Maersk u-turn as port congestion increases across Northern Europe
Just a few months after electing to swap its UK hub from Felixstowe to London ...
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By Sam Whelan
India’s merchandise exports continue to bounce back from the lows of 2020, but container services are still struggling to keep up with demand.
Exports increased 45.8% year-on-year last month, to $33.2bn, albeit at a slower rate of growth than the 50% uptick seen in July.
As a result, competition for container space is fierce and rates are rising faster than ever ? despite carrier announcements regarding spot rate caps, according to Rakesh Pandit, CEO of Pune-based Conbox Logistics.
“The cap on ocean freight ...
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