According to foreign media reports, Indian importers who rely on importing goods from Asian countries, especially Chinese goods, are facing a new wave of rising container freight rates, reflecting the high volatility of market conditions.

According to market data, spot freight rates from Asia to India have doubled in the past month. The current freight rates from Shanghai to Nhava Sheva in India are $1600 for small containers and $1900 for large containers, compared to $800 and $900 respectively a month ago.

The freight rates from other Asian ports to India have also significantly increased. The freight rates from Singapore to Navasheva have risen to $1250 for small containers and $1550 for large containers, while the average prices in mid October were $700 and $1000, respectively.

The freight rate from Hong Kong, China to Navasheva has risen to $1600 for small containers and $1900 for large containers, doubling compared to the end of October.

A Mumbai based shipper said, "The sea freight rates from the Far East to India have risen again, and our freight forwarders are struggling to find enough space

Industry insiders have pointed out that there has been a severe shortage of transportation capacity from the Asian to Indian markets in the past two weeks. Previously, in order to seize the opportunity of China's export peak, many regional and main route operators had temporarily deployed additional capacity, but later these ships were transferred to other markets, some of which were diverted to the Red Sea and Mediterranean routes.

What worries shippers even more is that CMA CGM has informed Indian customers that its AS9 (Asia Subcontinent Express) service will have three planned suspensions in December, including the "Zhonggu Nanning", "ONE Matrix", and "TS Keelung" ships. Dafei stated in the announcement, "Customers are requested to adjust and re plan their cargo transportation plans based on this

In addition, another intra Asian route AS6 service operated by Dafei will also skip Pipavav Port in India and Hong Kong, China on its current eastward voyage. The goods that have been booked for shipment to Pipavav or Hong Kong (loaded on the 'Xin Beijing' vessel) will be postponed to the next ship, "said Dafei to the customer

From historical data, the Asian market has always been the main source of imported goods (including industrial and consumer goods) for India. In addition, due to the demand for domestic festivals in India, the purchasing volume usually increases in the second half of the year.

At the same time, India's strong performance in commodity export trade in October has brought new hope to industry stakeholders and policy makers. According to the latest data, India's total export trade in October increased by 17% year-on-year, the fastest growth in over a year.

Ashwani Kumar, President of the Federation of Indian Export Organizations (FIEO), said in a statement, "Against the backdrop of continued global economic uncertainty, such significant double-digit growth is undoubtedly an encouraging signal for recovery

Industry insiders believe that the rebound of India's clothing trade, partly due to the turbulence in the relevant industries in Bangladesh, may have to some extent driven this export growth performance.

                                                                       -END-

广东锐达国际货运代理有限公司 

GUANGDONG RATA INTERNATIONAL LOGISTICS CO.,LTD

电话：86-769-22991141/0/2/3/5

QQ;403778556，手机/微信号：13926831038

http://www.gdrata.com/