News / Indian importers face freight rate hike shock out of Asia

© Elkov Oleg |

Indian importers relying on Asia-made goods, particularly out of China, are facing another round of container freight rate shocks, reflecting how volatile market conditions are.

Spot rates on intra-Asia-India trades have more than doubled over the last month or so, according to market data.

For example, ocean carriers are selling space out of Shanghai for bookings to Nhava Sheva at $1,600 per teu and $1,900 per feu, up from $800 and $900 a month ago.

Rates from other Asian ports to India have ...