The containers that U.S. shippers need are all built in China, where factories could set a new production record this year.
Chinese container production still trails torrid demand. Ever Given accident was ‘icing on the cake’ — making box shortfall worse.
Cargo shippers hamstrung by the global container shortage should not expect a box building spree in China to come to their rescue.
A Biden administration teamed with a Democratic Congress should lead to even more stimulus, a recipe for even more container imports.
Ocean carriers toed the line on capacity control in 2020. What does this new normal mean to shippers, yards and leasing companies?
The $229 million deal comes as CAI International seeks to focus on its containing leasing business.
There are not enough containers in China to handle all the U.S.-bound cargo — and box factories are now sold out into Q2.
More recovery signals: container lease pricing up over 50% versus second quarter, new container prices up 40% year-to-date.
Bullish signal: Strong demand for box equipment extends into 2021.
New ocean container floor design developed and tested by the Institute of International Container Lessors over the past 10 years reduces wood use by up to 45%.
