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Lanka crisis to boost India’s trade

MUMBAI: The Sri Lankan crisis could prove to be a windfall for India’s global trade logistics. India’s ports have already started to benefit from the disruptions caused at Colombo,

with Mundra emerging as the costliest port globally for standard containers for the first time this year. In April, it was the third most expensive port.

An increase in container demand and higher traffic are the major factors contributing to the average container price at Mundra shooting up in May to $2,489 (per unit price for a

20ft dry container or DC), experts told TOI. Dry storage containers (20 or 40 feet in length) are the most common containers used in shipping dry goods, excluding items like food or chemical that required refrigeration

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