India Remains a Hotbed for Changing Maritime Dynamics Amidst Global Supply Chain Disruptions: Container xChange

We could see a surge in spot rates especially with the upcoming peak season October December, said Christian Roeloffs, cofounder and CEO, Container xChange.Container trading Insights For 20DC, the prices rose by a slight margin of 12 in the port of Nava Sheva though they dropped in the ports of Mundra and Chennai.In the coming weeks, the prices for 20DCs in the major Indian ports are expected to stay between 2100 to 2600 approximately.

New Delhi, Delhi, India – Business Wire India • Container prices to increase in the coming months, Mundra the costliest port in India for standard containers • India Advantage' - a promising opportunity for India to become more important in the global value chains ​While the global average container prices have increased by up to 15% in the month of May, the average container prices in some of the major Indian ports have declined, similar to the trend observed in China and many more countries worldwide. There has been a continued month-on-month decline in the prices of 40 ft HC containers in Chennai from $4044 in April to $4015 in May while the prices in the ports of Nava Sheva and Mundra have slightly increased. The insights are a part of the monthly container logistics report titled 'Where are all the containers' published by Container xChange, a technology infrastructure provider for container logistics players.

"We expect a surge of containers onto the transpacific, leading to higher utilization of vessels on this route. We could see a surge in spot rates especially with the upcoming peak season (October – December)," said Christian Roeloffs, cofounder and CEO, Container xChange.

Container trading Insights For 20DC, the prices rose by a slight margin of $12 in the port of Nava Sheva though they dropped in the ports of Mundra and Chennai.

In the coming weeks, the prices for 20DCs in the major Indian ports are expected to stay between $2100 to $2600 approximately. For 40HCs, in the near future, the prices are expected to be between $3600 to $4400, approximately. According to Container xChange's trading insights, as of May 25, for 40HCs, locations in China and India like Chennai ($4,897), Guangzhou ($4,711), Nhava Sheva ($3,516), Mundra ($3,430), and Ningbo ($3,427) are the costliest. The trend remains like how it was at the beginning of June. Amongst the Indian ports, Mundra has the costliest 20DCs and 40HCs cargo-worthy containers. Overall, for 20DCs, Mundra ($2,489) ranks #1 being the costliest port in the world followed by Chennai ($2,435) and Milano ($2,348).

The India Advantage From a fragmented market, Indian shipping industry is moving encouragingly to a truly global, integrated market for containers. Amidst the economic and political tensions in Sri Lanka, the Indian subcontinent's dependence on the port of Colombo is gradually becoming known.

"The stark changes in the maritime dynamics can be related to the country's efforts to get itself an east coast transshipment terminal. 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, Container xChange.

Another key finding is the rise in Container Availability Index (CAx) values from week 21 (last week of May). The western port of Nhava Sheva in Navi Mumbai saw the CAx rise from 0.73 in week 21 to 0.76 in week 22. In the coming weeks, the CAx is expected to flit between these two numbers. CAx values of > 0.5 means that more shipping containers are entering the Indian ports and there is less demand for export boxes.

However, in the eastern coast of India, Chennai port saw a slight dip in CAx in week 22 from 0.81 in week 21 to 0.79. The score is expected to rise to 0.8 in week 23 and stabilize there for the next few weeks.

Commenting on India's state of the container logistics market, Christian Roeloffs, founder and CEO, of Container xChange said, "Ports in South India have gradually started increasing their capacity to handle increased cargo traffic owing to the continued crisis in Sri Lanka. While the cash-strapped country works towards emerging out of the macroeconomic dysfunction, India has an opportunity to get itself some permanent shipping diverts towards its shores." "However, there is much work to do for Indian ports to woo the Colombo-bound ships starting from increasing their draft size to match that of Colombo's to developing strategically placed ports in the shipping route. Starting from scratch might not be the key here, rather expanding the already-present ecosystem will reap more benefits in the long run and get India its place in the global value chain." For more information on container prices, availabilities and one-way rates, please find the full report here - https://www.container-xchange.com/reports/may-monthly-container-logistics-update/ About Container Availability Index (CAx) The Container Availability Index monitors and forecasts global container equipment supply by tracking millions of monthly container moves. For more information and weekly email updates, check out: https://container-xchange.com/features/cax/ In Container xChange's Container Availability Index (CAx) an index reading of below 0.5 means more containers leave a port compared to the number which enter. Above 0.5 means more containers are entering the port.

The CAx includes: • Gate-in and gate-out moves of containers (or import and exports of containers) • An estimation of manufactured containers in China • 20ft and 40ft containers The CAx does not include: • Empty repositioning of containers by carriers • Containers sold locally in certain locations • Exact number of manufactured containers About Container xChange Container xChange is a technology company that offers container trading and leasing platform, payment infrastructure and efficient operating systems to container logistic companies world-wide. Covering the entire transaction process of shipping containers starting with finding new partners to tracking containers and managing payments, xChange makes using 3rd party equipment as easy as booking a hotel. We are on a mission to simplify the logistics of global trade.

Being one of the top ten logistics tech companies globally, xChange is fundamentally transforming thousands of processes involved in moving containers globally. xChange is trusted by more than 1000 container logistic companies such as Kuehne+Nagel, Seaco or Sarjak that use the neutral online platform every day to remove friction and to create economic opportunity.

Container xChange was founded by Christian Roeloffs and Dr. Johannes Schlingmeier in 2015 as a side project (an excel sheet) being a part of the Boston Consulting Group (BCG) in 2015. In 2017 the company was spun off as an independent, neutral business entity. Headquartered in Hamburg, Germany, xChange is now more than 240 employees from 65+ countries, making container operations smoother for 1000+ shipping companies.

A funded company, Container xChange acquired TankContainerFinder.com in 2021 to further strengthen its product offerings portfolio for tank containers trading and leasing capabilities. https://www.container-xchange.com/ To View the Image, Click on the Link Below: Average price of 20 DC containers in India in May'22 PWR PWR

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