India's port volumes rise 7% in August as freight rates jump 132%

Indian ports registered a 7% year-on-year increase in volumes during August, according to Jefferies. The growth occurred alongside a sharp 132% surge in freight rates.

Transshipment volumes are believed to have bolstered container traffic at Indian ports, enabling them to sustain growth despite ongoing geopolitical tensions. The combination of rising freight costs and increased transshipment activity has supported port operations during a period of global supply chain uncertainty.