Container Rates on India–Gulf Routes Drop Sharply as Supply Improves - India Seatrade News

Container freight spot rates surge 80% since Middle East war broke out

40-foot container price reaches $3,443 as of June 4, as 100th day of conflict nears, reaching last year’s highest level, according to Drewry’s World Container Index

India-Gulf Container Rates Plunge as Capacity Returns and Cargo Backlogs Ease - India Seatrade News

Container freight rates on the India-Gulf trade lane have fallen sharply in recent weeks as shipping capacity has returned to the market and congestion-related cargo backlogs have eased, providing relief to exporters and importers after months of elevated logistics costs. According to a report by The Loadstar, the rapid deployment of additional vessel capacity by carriers has helped stabilize the market following disruptions caused by geopolitic…

India-Gulf container rates plunge as capacity returns and cargo backlogs ease

Container shipping rates from India to the Persian Gulf have significantly softened from the peaks recorded since the outbreak of hostilities in February. Freight rates ex-Nhava Sheva (JNPA)/Mundra to Jebel Ali (UAE) are down by up to 40% from the averages seen two weeks ago, according to data from industry sources. Companies are now booking cargo for that port pair in the region of $2,100 per 20ft and $3,200 per 40ft, slipping ... The post Indi…