Resurgent demand for intra-Asia trade into India seems to have pushed short-term container freight rates on the route noticeably higher in recent weeks, recovering from the lows seen over the past few months.
According to market data from local freight forwarding sources, average rates for bookings from Central/North China to India grew 20% to 40% this month over August levels.
For example, Shanghai-Nhava Sheva/Mundra rates have hit $500 per teu and $600 per feu, up from $425 and $450, respectively, three weeks ...
Transpacific sees first major MSC blanks as rates fall and volumes falter
'It’s healthy competition' Maersk tells forwarders bidding for same business
Opposition builds for final hearing on US plan to tax Chinese box ship calls
White House confirms automotive tariffs – 'a disaster for the industry'
New price hikes may slow ocean spot rate slide – but for how long?
Shippers snap up airfreight capacity to US ahead of tariff deadline
Supply chain delays expected after earthquake hits Myanmar
Tighter EU import requirements proving 'a challenge' for forwarders
Comment on this article