An analysis of container freight rates on trades out of India in recent weeks suggests a market correction on the horizon, at least on some routes, though the prices continue to stay at levels way above what shippers had incurred a year earlier.
Average rate levels for India-Europe cargo – both westbound and eastbound – have seen no changes this month, compared to March. Those from JNPT/Nhava Sheva or Mundra to Felixstowe in the United Kingdom have remained at around US$8,000/20-foot container...