Freight rates flare up by nearly 70% in August

Freight rates at Indian ports have increased by nearly 70% year-on-year in August due to global shipping disruptions and sustained demand. This rise, following a two-year hiatus, is anticipated to raise costs for Indian companies with international exposure. Contributing factors include geopolitical tensions and container shortages.

Sep 17, 2024 - 05:30

Freight rates flare up by nearly 70% in August

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Freight rates at Indian ports have increased by nearly 70% year-on-year in August due to global shipping disruptions and sustained demand. This rise, following a two-year hiatus, is anticipated to raise costs for Indian companies with international exposure. Contributing factors include geopolitical tensions and container shortages.