Indian trade logistics gains amid Lanka crisis

The Mundra port has emerged as the costliest port globally for standard containers for the first time this year, as Indian ports benefit from the disruptions caused at Colombo owing to the Sri Lankan crisis. It was the third most costly port in April.

The price of a 20-foot dry container, or DC, at Mundra shot up to $2,489 in May as a result of rising container demand and increased traffic, experts told TOI.Besides things like food or chemicals that need to be refrigerated, dry storage containers (20 to 40 feet in length) are the most typical containers used to convey dry goods.

Provided, given the change in maritime dynamics, India here has a chance to attract some long-term shipping routes to its borders and climb the global value chain, experts added.

“Due to the Colombo crisis, more and more transshipment containers have been directed to the east coast ports in India,” said Christian Roeloffs, founder and CEO of Container xChange, a logistics tech company that offers a container trading and leasing platform.