Liners plan more rate hikes to halt renewed container spot rates decline
After last week’s hiatus, container spot freight rates on the Asia-Europe trades resumed their downward ...
Indian shippers and freight forwarders have a string of blanked sailings and schedule changes to deal with this month, as ocean carriers navigate a slowing market amid heightened inflationary effects.
The India-Europe tradelane has been the hardest hit by service disruptions. MSC blanked calls to the west coast ports of Nhava Sheva (JNPT) and Mundra last week on both its premier connections – branded the Himalaya Express (HEX) and IPAK.
The two ports command the bulk of Indian containerised cargo movements.
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