Welspun, Aurobindo face bitter pill as MSC takes bigger bite of Indian shipping — Panjiva
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Welspun, Aurobindo face bitter pill as MSC takes bigger bite of Indian shipping

Cons. Discr. - Apparel 531 Corp - Shipping 1030 Health Care 363 India 553 Materials - Chemicals 273 Mode - Containerized 1525 Mode - Seaborne 1846 Theme - Rates 240 U.S. 5404

MSC has put a $250 per container shipping surcharge in place for India-to-U.S. services due to the “current deficit of equipment”. That may draw the ire of the Indian government, as similar rate increases by most other liners have done in China and South Korea. The largest user of MSC’s India-to-U.S. service in the 12 months to Oct. 31 was Welspun with 2,580 TEUs of U.S. imports linked to the firm after a 162.6% increase in the three months to Oct. 31. That was followed by Aurobindo and Owens Corning with shipments which rose by 35.9% and 22.2% respectively. MSC has ...

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