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Home » Logistics » Soaring Prices for New Containers Sparked by Demand Far Outstripping Supply

Soaring Prices for New Containers Sparked by Demand Far Outstripping Supply

June 24, 2010
JOC Sailings

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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    KEYWORDS consumer packaged goods Global Logistics Logistics Ocean Transportation Transportation & Distribution
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