Soaring demand is allowing container lines serving Indian trades to flex their pricing muscles on intra-Asia backhaul services, especially out of China.
Average spot rates from North China (Tianjin) to West India (Nhava Sheva or Mundra) have exceeded $5,000 for a 40ft container booking, according to market sources.
The rate push is not just for Chinese ports alone. Prices for India-bound shipments from other Far East locations, such as Singapore, Port Klang …
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