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Carriers see steady rate levels on most Indian trades, but slide continues for US cargo

Our member BLUE PACIFIC's(India) article

With the exception of trades to the United States, container carriers operating out of India have mostly seen steady freight rate trends this month, the latest market analysis shows.

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) or Rotterdam (the Netherlands) have remained unchanged at US$650 per 20-foot container and US$700 per 40-foot container.


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However, for West India-Genoa (the West Mediterranean) cargo, contract rates for a 20-foot box have moved up to US$725, from US$700 at the end of May, while for an FEU, rates have dropped to US$700, from US$800/FEU a month ago.

Eastbound cargo (imports into India) rates for these port pairings have also seen no changes, with the exception of West Mediterranean-West India trade, month-on-month.

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