date:Nov 29, 2022
Container freight rates on major trades out of India have hit new lows in November amid falling cargo volumes, according to the latest market analysis by Container News.
On the westbound India-Europe trade, average contract rates from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway (UK) or Rotterdam (the Netherlands) have plunged to US$2,300 per 20-foot container and US$2,450/40-foot container, from US$3,500 and U$4,000, respectively, in the las