India’s merchandise exports continue to bounce back from the lows of 2020, but container services are still struggling to keep up with demand.
Exports increased 45.8% year-on-year last month, to $33.2bn, albeit at a slower rate of growth than the 50% uptick seen in July.
As a result, competition for container space is fierce and rates are rising faster than ever – despite carrier announcements regarding spot rate caps, according to Rakesh …
The post Indian exporters suffer as spot rates climb, despite carrier rate cap appeared first on The Loadstar.
Source: The Loadstar