Mundra port congestion eases: container backlog down 90%, freight rates to halve over 5-6 months
Mundra Port's waiting time has dropped from 8-10 days to 2-3 days, with container backlog down from 80,000 to 8,000. Freight rates that spiked to $5,000 post West Asia crisis are expected to settle at $2,000-$2,500, easing import costs for Indian retailers like Trent over the next 5-6 months.
Mundra Port congestion is easing post West Asia crisis, with container backlog down from 80,000 to 8,000 and freight rates expected to moderate from $5,000 toward $2,000-$2,500 over five to six months, easing import costs for Indian retailers.