16 companies control 80% of the world’s liner shipping, container production and box-leasing capacity
The containers that U.S. shippers need are all built in China, where factories could set a new production record this year.
Danaos will stockpile cash from the current boom and spend it on new ships when environmental regs are clearer.
Cargo shippers hamstrung by the global container shortage should not expect a box building spree in China to come to their rescue.
More recovery signals: container lease pricing up over 50% versus second quarter, new container prices up 40% year-to-date.
A recent study by the Institute of International Container Lessors found that traditional hot zinc sprays for refrigerated container steel frames keep them in top shape years longer than zinc-rich primer coatings and should be maintained by box manufacturers.
