India-Persian Gulf trades seem to be a glaring exception for container lines, as they are rapidly losing the pricing steam they have had from the Red Sea crisis on the larger trade lanes.
Most mainline carriers have announced rate hikes in the form of general rate increases (GRIs) and peak season surcharges (PSSs) for shipments from India to various Middle East ports, from next week.
CMA CGM will hike rates from Nhava Sheva and Mundra to Middle East ports by US$200 per container, from 17...