The freight rate of Indian and Pakistani route was firm this week and that of other routes changed little

Oct 08, 2023

The freight rate of Indian and Pakistani route was firm this week and that of other routes changed little. The freight from Ningbo to Pakistan/Karachi increased to US$950/40HQ in actual sales, which may be above $1000, and the offers were at US$1100-1200/40HQ. The freight from Ningbo to Egypt/SOK was at US$1400-1500/40HQ, down by $600-700 over peak in early-Jul, that to Indonesia/Jakarta was at US$350/40HQ and that to Brazil/NAV was around US$2500/40HQ.

Egypt's big decline in Jul was mainly due to payment problems
Cotton linter import market has experienced significant fluctuations this year

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