Container lines seem to be firm on going ahead with a mild rate restoration programme for shipments from India to the United States and Canada even as they continue to face demand challenges filling available vessel capacity.
The India-US trade lane is dominated by MSC, CMA CGM and Hapag-Lloyd.
These carriers have now synchronised the implementation date for a US$500 per TEU hike, after publishing varied notices. This GRI will take effect from 29 March.
The “general rate increase (GRI) from India...