Shipping lines accused of cartel behaviour as container freight rates from India soar

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Submitted by Elsewhere on 2020-Oct-23 Fri 13:25
1906
500Foods shared this story from FP.com.

As shipping lines have increased freight rates by 50 – 60% since March for almost all trade lanes out of India, they are now being accused of forming a cartel by shippers. An added problem is the a major container shortage has been evident across the country, especially when multiple boxes are required…

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