Global Container Rates Expected to Stabilise

31 Aug 2023 CW Team

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.

Real Estate

03 Sep 2025

Maharashtra to Revise Infrastructure Policies

The Government of Maharashtra will make every possible effort to frame infrastructure-related policies, including those that promote housing in the state, in line with changing requirements. This assurance was given by Mrs. Meghana Sakore Bordikar, Minister of State, Government of Maharashtra, while addressing the two-day NAREDCO 17th National Convention, “India Builds: Reimagining Growth through Real Estate and Infrastructure”. At the convention, Dr Niranjan Hiranandani, Chairman of NAREDCO, called for a new blueprint for infrastructure policies in the present context.The Minister assured..

Agami Realty Enters Mumbai's Luxury Market

Agami Realty, a leading real estate developer with a legacy of over five decades, has marked its foray into Mumbai’s luxury residential market with two significant redevelopment projects in Bandra, valued at an estimated Rs 9.5 billion. The company, known for its boutique developments that blend sustainability, technology, and design excellence, has already received a strong response to its Bandra offering.Agami Eternity, the firm’s first completed premium redevelopment project in Mumbai, recently received its Occupancy Certificate. Located in Bandra East, the project was designed by inter..

Hafele Launches Its Third Licht Experience Centre in India

Hafele, a global leader in interior solutions, has announced the launch of its third Licht Experience Centre in Ahmedabad. This new centre, located at 302, 31 Five, Opp. Palladium, Corporate Road, Makarba, follows the successful openings in Chandigarh and Indore, further strengthening Hafele's footprint in India. The name “Licht,” which means “light” in German, captures the essence of this experience, where technology meets aesthetics to redefine interior spaces.The Ahmedabad Licht Experience Centre was inaugurated by Mr Frank Schloeder, Managing Director of Hafele South Asia, and Mr P..