Freight rates flare up by nearly 70% in August
Monday, 16 September 2024
Freight rates at Indian ports have increased by nearly 70% year-on-year in August due to global shipping disruptions and sustained demand. This rise, following a two-year hiatus, is anticipated to raise costs for Indian companies with international exposure. Contributing factors include geopolitical tensions and container shortages.
Freight rates at Indian ports have increased by nearly 70% year-on-year in August due to global shipping disruptions and sustained demand. This rise, following a two-year hiatus, is anticipated to raise costs for Indian companies with international exposure. Contributing factors include geopolitical tensions and container shortages.
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