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 ...
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