News / Intra-Asia trade delays worsen as sliding spot rates put pressure on carriers

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Ocean freight rates may have taken a temporary dip, but lockdown delays in China are increasing transit times on intra-Asia tradelanes.

Rakesh Pandit, CEO of Conbox Logistics in India, said freight rates from China had reduced over the last month, but transit times were a “major challenge”.

He told The Loadstar: “They have steadily increased over the past eight weeks, making things very unpredictable.

“Average transit from China to Nhava-Sheva and Mundra Port was between three or four weeks, but now the same ...