Indian container logistics players should remain agile

New Delhi: India's container market has shown significant fluctuations over the past few months and as the peak season nears, the shipping container prices surged by 50.4 per cent from April to August 2024, reaching $2,340 in Chennai, a report showed on Friday.

The August analysis for India reveals a shifting sentiment in container price expectations, according to the latest ‘Container Price Sentiment Index’ by industry technology platform Container xChange.

Companies operating in the Indian container logistics space should remain agile and prepared for both opportunities and challenges as the market navigates through this period of uncertainty, the report suggested.

In June, optimism was high, with 72.3 per cent of respondents expecting an increase in container prices, and only a small portion, 9.6 per cent, anticipating a decrease.