TWO rounds of general rate increases (GRI) on India-US trade routes have been unsuccessful in arresting the decline of US east and west coast rates, reports New York’s Journal of Commerce. Rates from Nhava Sheva/Mundra to the US east coast have dropped nearly 20 per cent from the levels reported at the end of May, to US$1,382 per TEU and $1,632 per FEU, from $1,700 per TEU and $2,100 per FEU. For the India-US west coast trade, the downward correction has been about 15 per cent for a TEU and...
https://www.seanews.com.tr/weak-demand-keeps-india-us-contract-down-despite-rate-hikes/197219/