Global Container Rates Expected to Stabilise
PORTS & SHIPPING

Global Container Rates Expected to Stabilise

According to Vikash Agarwal, the Managing Director of Maersk South Asia, global container rates are anticipated to regain stability after a significant decline earlier this year. Agarwal highlights that the current sluggish demand and economic difficulties have contributed to the soft market. To address risks, companies are focusing on diversifying their supply chains, a trend driven by the Western economies' struggles. Agarwal sees the post-Covid era as an opportunity for businesses to rethink their supply chains and strategies for future supplies. He emphasises that a gradual shift in supply chains is inevitable over the next decade, with potential gains for countries like India, Vietnam, and African nations.

Agarwal acknowledges the sharp drop in container rates since the pandemic's onset, but he expresses hope for a rebound in demand and rates. He notes that the industry faced concerns during the first half of the year, but signs of stability and rate improvement are emerging in the second half. The restocking process is anticipated to contribute to the ongoing upward trend. Despite the challenges, Agarwal remains optimistic about the recovery of container rates.

According to Vikash Agarwal, the Managing Director of Maersk South Asia, global container rates are anticipated to regain stability after a significant decline earlier this year. Agarwal highlights that the current sluggish demand and economic difficulties have contributed to the soft market. To address risks, companies are focusing on diversifying their supply chains, a trend driven by the Western economies' struggles. Agarwal sees the post-Covid era as an opportunity for businesses to rethink their supply chains and strategies for future supplies. He emphasises that a gradual shift in supply chains is inevitable over the next decade, with potential gains for countries like India, Vietnam, and African nations. Agarwal acknowledges the sharp drop in container rates since the pandemic's onset, but he expresses hope for a rebound in demand and rates. He notes that the industry faced concerns during the first half of the year, but signs of stability and rate improvement are emerging in the second half. The restocking process is anticipated to contribute to the ongoing upward trend. Despite the challenges, Agarwal remains optimistic about the recovery of container rates.

Related Stories

Gold Stories

Next Story
Real Estate

Anshul Singhal launches Vantrock with Rs 42 billion development plan

Real estate professional Anshul Singhal has launched Vantrock Real Assets Private Limited (VRAPL), a Mumbai-headquartered platform focused initially on warehousing, industrial and logistics parks. The company plans to develop approximately 11.5 million sq ft of assets, with an estimated gross development value (GDV) of Rs 42 billion (approximately USD 434 million) on completion.The first phase will cover around 3 million sq ft across the National Capital Region (NCR), Bengaluru and Pune, with an estimated development value of Rs 11 billion (approximately USD 113 million). Construction is sched..

Next Story
Infrastructure Transport

Afcons wins CII award for biodiversity management

Afcons Infrastructure has received the Confederation of Indian Industry (CII) National Award for Environmental Best Practices 2026 in the Biodiversity Management category for its work on the Mumbai-Ahmedabad High Speed Rail Project’s C-2 package.The award was presented at a ceremony in Chennai on 9 October 2026. It was received by Mihir Mishra, Vice-President, CPE, and Sumon Paul, Assistant General Manager, HSE, along with the Afcons team.The project adopted several resource recovery and waste management practices. These included recycling concrete washout waste to recover sand, aggregates a..

Next Story
Technology

Indian businesses lead globally in planned AI investment, says Autodesk

Indian organisations are moving towards deeper integration of artificial intelligence (AI), digital technologies and sustainability into business operations, according to Autodesk’s 2026 State of Design & Make report. The fourth edition of the annual study highlights growing AI adoption, measurable outcomes from digital transformation and the role of sustainability in long-term business growth.The report found that 64 per cent of Indian organisations are approaching or have achieved their current AI goals. While 88 per cent believe AI will enhance their industry, up from 78 per cent in 2..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code