Freight rates on Indian trades hit new lows amid weakening demand
CONTAINER freight rates on major trades out of India have hit new lows in November amid falling cargo volumes, reports Athens’ Container News.On the westbound India-Europe trade, average contract rates from West India to Felixstowe/London Gateway (UK) or Rotterdam (the Netherlands) have fallen to US$2,300 per TEU from $3,500 and $2,450 per FEU, from $4,000 […]