China-India rates ease but port delays still a strain on services
Rates for containers moving from China to India have begun to cool as seasonal import demand, associated with India’s festival-driven consumption, loses momentum. New data secured by The Loadstar points to a 10%-20% decline in spot rates for bookings from major Chinese load ports to India, particularly JNPA (Nhava Sheva) on the west coast and Chennai on the east. For example, Indian importers are now able to book a 40ft shipment from ...
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