With the exception of trades to the US, container carriers operating out of India have continued to face further significant freight rate declines this month, according to the latest market analysis by Container News shows.
On the westbound India-Europe trade, average short-term contract rates from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway (UK) or Rotterdam (the Netherlands) have plunged to US$525 per 20-foot container and US$600 per...