News / Carriers ease rates ex-India as demand falls and capacity returns

With export volumes slipping amid global demand growth woes, container lines serving Indian trades are putting new rate hike plans for the traditional peak season  on the back-burner.

MSC has pulled back from issuing its general rate increase (GRI) and peak season surcharge (PSS) notices this month on the India-US trades, while other liners have, tactically, kept themselves out of the pricing race, thus far.

Geneva-based MSC had announced a $2,000 per container PSS for Indian loads to the US and San ...