Container freight rates on trades out of India have continued to cool, albeit at a slower pace on shipments to Europe, according to the latest market analysis by Container News.
On the westbound India-Europe trade, average contract rates from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway in the United Kingdom or Rotterdam in the Netherlands have softened to US$1,250 per 20-foot container and US$1,450/40-foot container, from US$1,300 and...