Freight rates out of India on the rise after record export figures

Freight rates are rising again in India, following a record-setting month for exports and knock-on effects from global Covid disruption.
Exports tallied $37bn for the first time in December, up 37% year on year, and for the first nine month’s of the financial year, passed $300bn for the first time.
According to a report by local investment firm Motilal Oswal, India’s container volumes increased 9% last month, however, “growth could have been …

The post Freight rates out of India on the rise after record export figures appeared first on The Loadstar.

Source: The Loadstar

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