Global logistics networks serving the U.K. market are facing continued congestion leading CMA CGM to apply a container surcharge of $200 per TEU for shipments from India, equivalent to around 4% on top of basic shipping rates. U.K. ports have experienced volatile activity as a result of the start of new trading arrangements with the EU. Shipments to the U.K. from India actually fell by 18.6% year over year in January including a 39.3% slide in shipments of apparel. U.K. importers of Indian apparel and textiles may review their sourcing if rates and surcharges remain elevated. Exports of ...