News / Container lines hope for intra-Asia boost as ex-India rates continue slide

PIL

Container lines – predominantly those operating on China-India trades – are cementing their networks to prepare for a potential intra-Asia market resurgence.

But there seems no respite in sight from the rate slide they have seen across all trades out of India over the past year.

Average contract freight rates, from India to China and other intra-Asia ports serving as intermediate points for subcontinent cargo, have bottomed-out, according to local freight forwarder sources.

Booking rates for containers from Nhava Sheva/Mundra (West India) to ...