Container prices continue to rise, India is short of 100,000 containers, and the average price of containers has increased by 58%

Container prices continue to rise, and the shortage of containers continues.
Container leasing platform Container xChange said that there is "almost no sign" that the shortage problem has been resolved, and the prices of new and used containers have risen sharply since last year.
Previously, Souhang.com also reported that in China, from November last year to March this year, the average price of second-hand 20'-foot containers has soared by 94% to US$2,521 in the past five months.
According to Container xChange, Dalian is currently the most expensive port in China to purchase second-hand containers. The price of a 20-foot container is US$2028, while the price in Shanghai has dropped from US$2,162 in January to US$1,686 last month. In addition, the prices in Qingdao and Tianjin are 1,850 US dollars and 1,800 US dollars, respectively.
David Fan, Shanghai-based Twings supply chain sales manager, said China's freight forwarders are "busier than ever" trying to find boxes and spaces.

At the same time, in India, data from Container xChange shows that shortages continue to increase prices at major ports.
The company said: “From last June to last month, the average price of second-hand 20-foot containers in Chennai, Mundra and Mumbai’s Newport increased from US$1,106 to US$1,755, an increase of 58%.”
The company added that Chennai is by far the most expensive port with a price of US$2,220 per used container, compared with US$1,667 for Nhava Sheva in Mumbai and US$1,455 for Mondela.
According to the Indian Container Transport Association, India’s exports increased significantly last month, with exports increasing by “about 17-18%” compared to the same month in 2019. The carrier has relocated about 100,000 empty containers to India.
However, the actual situation of some local freight forwarders is far from ideal. A company based in Mumbai said that the current situation is “depressing” with delays, dumped goods and high prices.
"The shortage of containers at any time is 100,000," he claimed. "Even if you can book a container, the shipping company is over-selling space. Recently, a customer's goods were dumped and the order was cancelled because they couldn't afford the air freight. They had to unload the goods and unpack them. Return the container at a high price.
"Due to the oversold space, the shipping company has no responsibility when unloading the cargo." The freight forwarder added.