Freight rates drop for Indian shippers, but fresh hikes loom amid schedule disruptions

Average container freight rates for trades out of India have significantly tapered off this month, versus the levels maintained by major carriers in May, according to a new market analysis by Container News.

On the westbound India-Europe trade, rates West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway (UK) now stand at around US$6,009/20-foot container and US$7,141/40-foot container, down from US$7,615 and US$8,015, respectively, in May.

For ex-West...

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