Indian container markets see prices rally
India''s container market is experiencing tailwinds, with average prices for 40-foot high-cube cargo-worthy containers reflecting a promising trajectory across key ports, including
Container prices in Chennai saw the highest increase among Indian ports, rising 50% from April to August 2024 to $2,340. Christian Roeloffs, CEO of Container xChange, noted that higher local demand and congestion contributed to this increase.
Just $896 gets you a cargo-worthy 20-footer in the same area. The price of a 40ft Costo container ranges from $1,288 in Nhava Sheva to $1,507 in Mundra. Compared to brand-new containers, the cost difference is substantial, yet these used ones will also carry your items securely.
A shipping container is a standardized, durable steel unit used to transport goods seamlessly across multiple modes — sea, rail, and road. In India, the most common container types are 20-foot and 40-foot units, designed to suit different cargo requirements and trade volumes.
A new 20-foot container at Nhava Sheva (Mumbai) can set you back about $2,118 if you want the highest quality. Used containers, on the other hand, are a great option for those hoping to save costs. Just $896 gets you a cargo-worthy 20-footer in the same area. The price of a 40ft Costo container ranges from $1,288 in Nhava Sheva to $1,507 in Mundra.
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