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

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