Executive Briefings

Soaring Prices for New Containers Sparked by Demand Far Outstripping Supply

Prices for new maritime containers have soared close to a 20-year high driven by a rush of new orders from ocean carriers and container leasing companies in response to a growing shortage of boxes.

The current price for a 20-foot dry container has risen to $2,750, its highest level since 1991, from less than $2,000 at the end of 2009, according to Alphaliner, the Paris-based container shipping consultancy.

"Even at these higher prices, demand will still outstrip supply for the current peak season," Alphaliner said.

The average price of 20-foot dry containers has oscillated between $1, 500 and $2,400 over the past 10 years.

"The shortage of containers has reached critical levels," Alphaliner said.

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Prices for new maritime containers have soared close to a 20-year high driven by a rush of new orders from ocean carriers and container leasing companies in response to a growing shortage of boxes.

The current price for a 20-foot dry container has risen to $2,750, its highest level since 1991, from less than $2,000 at the end of 2009, according to Alphaliner, the Paris-based container shipping consultancy.

"Even at these higher prices, demand will still outstrip supply for the current peak season," Alphaliner said.

The average price of 20-foot dry containers has oscillated between $1, 500 and $2,400 over the past 10 years.

"The shortage of containers has reached critical levels," Alphaliner said.

Read Full Article