India-Middle East spot prices soar as ports struggle and liners ‘cash-in’

Container freight rates on the India-Middle East trade have continued to climb, as ports in the conflict-affected region grapple with operational challenges. According to data from market sources, spot rates from India to the Middle East have spiked by 25%, to 40%, since the last week of August, as vessel capacity pressures persist. For example, container booking rates from JNPA (Nhava Sheva) to Dammam in Saudi Arabia are now as high as ... The post India-Middle East spot prices soar as ports struggle and liners ‘cash-in’ appeared first on The Loadstar .