Page 35 - ITLN May-June 2021 issue for Magzter

News

Chennai most expensive Indian port

for containers with $2,220 per 20 ft

ccording to the Container
AAvailability Index (CAx) data from
the online platform for the leasing
and trading of shipping containers,
Container xChange, between June
2020 and March 2021, the average
used 20 ft container prices across the
ports of Chennai, Mundra and Nhava
Sheva rose from $1,106 to $1,755,
an increase of 58 percent due to
equipment shortages.
Chennai was by far the most
expensive port to buy used containers
in March 2021 with an average price of
$2,220 per 20 ft container. Average prices
in March at Nhava Sheva were $1,667 per In China, average prices for used average price of $1,299 per box in
20 ft container. Mundra was the cheapest twenty-foot containers increased November last year to $2,521 in March
location in India to procure a used box 94 percent between November 2020 indicates that container scarcity is
with an average price of $1,455. and March 2021. The surge from an continuing to worsen.

Flipkart partners with Adani to

strengthen logistics, supply chain data IndiGo initiates freighter
programme; plans to
convert 4 A321 aircraft

ndiGo has initiated a freighter
Iprogramme and is in the process of
sourcing 4 Airbus A321ceo aircraft each of
which will be converted from passenger
jets to a full freighter configuration.
“The initiative will make the best use
of the natural synergies that IndiGo
offer, using the same pool of pilots
and engineers that fly and service its
current fleet. The A321P2F (Passenger-
to-Freighter conversion) is the most
lipkart announced a Flipkart will set up its third efficient narrow-bodied freighter
Fcommercial partnership data centre at AdaniConneX available, offering 24 container positions
with the Indian multinational Chennai based facility, and supporting a payload of up to 27
infrastructure company Adani leveraging AdaniConneX’s tonnes," reads the release.
Group to improve logistics and expertise and data centre IndiGo is expected to take the
data centre capabilities. technology solutions. delivery of its first freighter in the
Flipkart will work with Adani Adani Logistics will construct first half of 2022. The remaining three
Logistics, a wholly-owned a 5,34,000 sq ft fulfilment centre aircraft in the initial commitment are
subsidiary of Adani Ports & in Mumbai which will be leased to expected to arrive within a year or so
Special Economic Zone (APSEZ), Flipkart. The centre is expected from the arrival of their first freighter,
to strengthen Flipkart’s supply to be operational in Q3 2022 and and further aircraft may be sourced
chain infrastructure and further will have the capacity to house 10 depending on market development.
enhance its ability to serve its million units of sellers’ inventory
growing base of customers. at any point.

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