Container carriers serving Indian trades appear somewhat wary about their ability to realize full recovery of new rate increases of a significant level amid a slowdown in volume levels.
In an apparent move towards that end, Mediterranean Shipping Co. (MSC) has revised its peak season surcharges (PSS) on the India-US trade, cancelling a US$2,000-per-container notice that was to be implemented from 1 August. The Geneva-based carrier will instead apply US$1,000 per container from 22 August.
“In...
https://container-news.com/demand-pressure-cuts-into-carriers-rate-push-on-indian-trades/