Posted on October 13, 2024

Recent data from reveals that spot rates for the westbound route between India and Europe, India’s most significant trade lane in terms of volume, have fallen by almost 50% over the past fortnight.
This sharp decline in ocean freight rates may be caused by a softening of export demand on this important trade route.

freight forwarding italy Australia Sweden China U.S.A Hong Kong Poland Netherlands shipping Swedish Norway Seafreight Japan Brexit exporters exports export container Denmark International Freight containers Vietnam Ireland importers ports exports China air freight freight South Africa Canada France USA freight forwarders imports rail freight logistics EU Covid-19 Spain Germany Europe Turkey Finland wine Switzerland cargo Freight Shipping India import