News / Box carriers come under pressure as US-India trade softens

Container carriers operating to and from India seem to be rapidly losing the power to prop up rates on trades to the US as the market weakens.

In yet another “sceptical” attempt, CMA CGM drastically scaled down its peak season surcharge (PSS), implemented on 1 July – a move that had already been pushed back from the middle of June.

The new PSS for a teu booking from India to the US east coast is $150, a sharp revision ...