PUBLISHER: Container News (www.container-news.com)
Container freight rates on trades out of India have continued to soften from the Red Sea crisis-driven highs, according to the latest market analysis by Container News.
On the westbound India-Europe trade, average short-term contract rates for 20-foot container bookings from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway (UK) in April have cooled to US$2,700 per 20-foot container and US$2,800 per 40-foot container, down from US$2,750 and US$3,100, respectively, at the end of March.