News / Freight rates out of India on the rise after record export figures

Freight rates are rising again in India, following a record-setting month for exports and knock-on effects from global Covid disruption.

Exports tallied $37bn for the first time in December, up 37% year on year, and for the first nine month’s of the financial year, passed $300bn for the first time.

According to a report by local investment firm Motilal Oswal, India’s container volumes increased 9% last month, however, “growth could have been better, but was negatively impacted by the container shortage and ...