Container Census Predicts Limited Box Availability

Tuesday, July 12, 2011

After the critical shortages of containers of last year, production has picked up again, but high container prices and a tight ratio of containers to vessel slots will continue to constrain the availability of boxes, according to the Container Census – Annual Survey and Forecast of Global Container Units, a new report from Drewry Maritime Research.

At the end of 2010, the global fleet of containers exceeded $90 billion in replacement value for the first time, according to the report, also reflecting the increased unit prices of containers.

The comprehensive report, the industry’s only detailed survey of the global fleet of containers, contains historical and forecast data for dry freight, reefer, tank and regional equipment types, with each of these categories separately surveyed in detail.

The Container Census contains expert analysis from Andrew Foxcroft, who is widely recognised as the industry’s leading expert on container equipment, having written on the subject for three decades.

The dominant Chinese container manufacturing industry was restricted to operating at half its maximum twin-shift potential throughout 2010, largely because of problems associated with restarting factory lines – and particularly rehiring labour – after more than a year of idleness.

“If capacity is more tightly controlled by the container manufacturing sector than in the past, it will likely result in higher new container prices”, Foxcroft said. Material/production costs are also forecast to rise over the longer term, thereby providing a further inflationary stimulus.

“It remains to be seen if continued high container prices will deter new investment, particularly from cash-strapped shipping lines who have found it harder to secure financing in recent years,” he added.

Drewry expects that the availability of containers will be tight during the forthcoming peak season, but that problems of shortages of boxes will not be as acute and as widespread as in 2010.

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

The 2nd Ballast Water Management Summit

Sign-up for this year’s most in-depth exchange of information and best venue for BWT stakeholders to network and meet their regulatory peers is underway.   Infocast’s

BP Freezes Pay in 2015 to Cut Costs

BP is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices.   Over the past year,

Study Examines Impacts of Inland Waterway Investment

The National Waterways Foundation (NWF) has commissioned and released a two-year study to examine the U.S. inland waterways’ national economic return on investment

Container Ships

Maersk Line Gets new AEO number

Maersk Line has been re-certified as an Authorised Economic Operator (AEO) with the AEO-F, the highest achievable accreditation in the European Union programme.

RUMBA Sails with 'Spirit of Malabo' Onboard

A container carrying the twenty-four foot Brazilian built ocean rowboat, Spirit of Malabo, left the Port of Cap Haitian on Saturday en-route to Port Everglades

Batangas Port Sets Container Record

Batangas Container Terminal (BCT) set a new record in 2014 for containers handled, says its operator Asian Terminals, Inc. (ATI).  Port handled over 98,000 twenty-foot-equivalent

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3768 sec (3 req/sec)