Independent journal on economy and transport policy
01:28 GMT+2
Ocean freight rates drop 50%
(Business Standard)
February 2, 2009
T E Narasimhan / Chennai Business Standard
Ocean freight rates for moving container boxes from Indian ports to Europe have come down by 50 per cent to $450 (about Rs 22,000) per twenty-foot equivalent unit (TEU) from $900 in the last one month. Industry representatives say freight rates, excluding bunker adjustment factor (BAF) and currency adjustment factor (CAF), would come to “zero level” before mid-2009 ...... Read more on Business Standard
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