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...