INDIA has seen an ease of 20 per cent in average prices of 20 dry cargo and 40 high cube shipping containers until the last week of April, reports New Delhi's Financial Express.
Additionally, the decline in container prices can be traced in countries such as China, the US, Europe, the Middle East, the indian subcontinent and Asia.
The disruptions have led to uncertainties in the supply chain.
'However, it does seem like we have now reached the peak container turnaround times. The container demand versus supply has reached balance levels and that will mean that prices will also taper off a little bit while probably not falling steeply as is evident in the report. Beyond this, it depends on the disruptions,' said Container xChange CEO Christian Roeloffs.
'Once China resumes operations in full swing, there will be a pent-up demand for containers as we have season coming. This will cause a traffic jam of vessels and the demand for containers will rise causing container prices to rise again (in mid-term).'
SeaNews Turkey
Additionally, the decline in container prices can be traced in countries such as China, the US, Europe, the Middle East, the indian subcontinent and Asia.
The disruptions have led to uncertainties in the supply chain.
'However, it does seem like we have now reached the peak container turnaround times. The container demand versus supply has reached balance levels and that will mean that prices will also taper off a little bit while probably not falling steeply as is evident in the report. Beyond this, it depends on the disruptions,' said Container xChange CEO Christian Roeloffs.
'Once China resumes operations in full swing, there will be a pent-up demand for containers as we have season coming. This will cause a traffic jam of vessels and the demand for containers will rise causing container prices to rise again (in mid-term).'
SeaNews Turkey