Container freight rates across trades out of India have continued to slide in November, while ocean carriers await some pricing gains from improving export trends, according to the latest market analysis by Container News.
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 fallen to US$450 per 20-foot container and US$550 per 40-foot...