Shipping lines accused of cartel behaviour as container freight rates from India soar
date:Oct 26, 2020
in the regional transhipment hub of Colombo.

A senior executive of Worldwide Logistics (India), a large freight forwarding agency headquartered in New Jersey: Indias container shortage could last another three months, as a result of shooting demand, reduced imports and port rotation issues. Vessels which were idling during the corona-lockdown were re-routed to more profitable trades on the transpacific route, leading to supply and demand gaps for major intra-Asia trading routes.

Due to a lack
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