OceanX: India Shining + freight rate horror stories = crumbs of comfort
Optimism or realism?
It’s not going well in India. The economic downturn has affected the trucking sector, which has seen prices fall by up to 11% in the second quarter. Less manufacturing has led to oversupply. And now output appears to be slowing further.
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Manufacturing boom in India drives up intra-Asia freight rates
Alex Lennane
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During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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