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Chennai experienced steepest increase in prices (50%) followed by Nhava Sheva (35%) and Mundra (26%) since April

Geopolitical disruptions and potential labour unrest to also influence this period

Average container prices spike by 45% in May; majority of logistics professionals expect further hikes in coming weeks

As Chinese New Year approaches, we expect tightening of container availability: Christian Roeloffs, Container xChange

While blank sailings are expected to increase, imbalanced container availability may continue in certain regions

Hostilities beyond the borders could introduce risks to two vital shipping choke points - Suez Canal & Strait of Hormuz

Average price of a 40ft high cube container in Moscow was $4,175 in Feb 2022, which is $580 as of Sept 25, 2023

While restrictions could impact Christmas stocks, shippers diverting containers via Suez have been minimal

Container Availability index (CAx) lower than Q42022 as trade improves at Indian ports

Chennai ranked 9th on expensive port list; New York most expensive port with average combined D&D charge of $2,478

Infrastructure has been the common word among all stakeholders in the value chain while expressing their expectations for the upcoming union budget...

Chances of new strikes are high due to inflation-related rise in prices putting pressure on workers’ disposable incomes