China-India box rates double as import demand strains vessel space

Vessel space demand from China to India continues to be strong, keeping container freight rates on the intra-Asia tradelane elevated. For example, average spot rates from Shanghai to JNPA have climbed 20% since end-August, and currently stand at around $3,700 per teu and $3,850 per 40ft, according to new data from market sources. The month-on-month rate increase on Shanghai-Chennai bookings has be Read full article →