Container freight rates out of India soar amid Red Sea crisis
The boost in container freight rates seen on trades out of India as a consequence of the Red Sea crisis has accelerated in recent weeks, according to the latest market analysis.
On the westbound India-Europe trade, average short-term contract rates from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway (UK) have soared to US$3,600 per 20-foot container and US$3,650 per 40-foot container, from US$600 per 20-foot container and US$650 per 40-foot container at the end of December.
Information courtesy: India Shipping News
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