India-Gulf container rates plunge as capacity returns and cargo backlogs ease
Container shipping rates from India to the Persian Gulf have significantly softened from the peaks ...
© Michael Vi |
By Mike Wackett
The containership charter market shows no sign of softening as it goes into the usually slack summer season, despite sea freight rates coming under pressure on several tradelanes.
This disconnect is likely to put carriers with expensive long-term charters under financial stress.
Moreover, the driver, the shortage ...
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