CONTAINER prices rise at major ports due to Omicron

Omicron has disrupted the global supply chains by increasing container prices between 10 and 15 per cent in January at major Indian ports. The Chennai port in early January witnessed a rise of $2,100 for a 20-foot dry container and price of a similar container in Mundra climbed to $1,950 in early January and $1,900 in Nhava

Sheva in Navi Mumbai. The price of a 40-ft dry container at Chennai, Mundra and Nhava Sheva rose to $5,100, $4,900, and $4,850, respectively. Restocking by retailers in China and its rising COVID-19 cases accounted for the rise of container prices.