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 ...
Credit: PSA Mumbai
Apart from rocketing freight rates, Indian exporters face another supply chain challenge linked to the Red Sea crisis: equipment availability.
A shortage of empty containers is building at major container ports and hinterland locations, freight forwarder sources told The Loadstar.
They say equipment pressure is more pronounced ...
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