India -Europe Freight Rates

India- Europe Freight Rates

Mumbai: Christmas Bells started swinging, freight rates on Main Export Rates routes of Europe/USA Started taking volatile Route once again. UASC-Direct Service adding to the existing tonnage started shaking the freight rates from $1050-1100/20' levels to $900-950 levels with 40'gp/hc on 1700-1800 levels. With Mundra/Pipavav subscribing to NCR- ICD volumes, freight rates from Nhava sheva would drop further down... MNC FFW/Indian FFW companies may find difficult to coup the situation to their freehand customers, always demand on on market pulse rates. Traditional Buyer controlled U.S. Market rates with Minimum Quantity commitment(MQC) would survive to the trend. But, CIF Contracts would rock once again for FCL Shipments. Post January, Rate Increases & volumes imblances would further melt the freight rates down... Its all left to the European/U.S. Retail sales on Christmas season would decide the fate of the shipping industry.. with excessive tonnage in place on East-West trades, Container would pile at empty yards ahead of Jan'2011.. forcing operators to cross check their tonnage from Indian sub continent. although the horses for courses.. race about to start.. touch down on First quater of 2011..