Container carriers appear to have abandoned plans to hike freight rates on Indian trades to the United States, as they are facing a slump in cargo bookings.
MSC, Hapag-Lloyd and CMA CGM had planned to implement hefty general rate increase (GRI) and peak season surcharge (PSS) amounts from early March.
For example, MSC’s rate activity plans included a GRI of US$1,000 per box from 1 March and a PSS of $1,500 per box from 4 March for trades to the US West Coast. Earlier, the carrier had also...
https://container-news.com/carriers-undo-rate-hikes-on-india-us-trades-amid-cargo-volume-pressure/