India-Gulf container rates plunge as capacity returns and cargo backlogs ease
Container shipping rates from India to the Persian Gulf have significantly softened from the peaks ...
Port Elizabeth © Wirestock Dreamstime.com
By Mike Wackett
Ocean carriers are refocusing their strategies away from the traditional, but oversupplied, east-west routes, seeking growth in north-south trades – although the burgeoning Indian export market is an outlier.
According to a survey by Alphaliner, African trades recorded the highest year-on-year growth, ...
Comment on this article