Chinese Container manufacturers keep on producing units at high speed

Chinese Container manufacturers keep on producing units at high speed

Chinese Container manufacturers keep on producing units at high speed

Just when we thought the prices for standard dry cargo containers would come to an ease, we were wrong, so wrong! The three main factories for building shipping containers (CIMC, DFIC and CXIC) have again increased their tariffs to US$ 3.800,00 per 20-foot standard container.

The price has basically doubled in a years’ time!

It seems that heavy congestion in various ports in Central and South China, but also on the US east coast are just two of the problems creating this huge demand for container equipment. Order books are full for several months and factories don’t show any interest in stabilizing or decreasing these prices on the back of a big increase of production.

It is expected that all factories together will manufacturer roughly 4,5 million containers compared to 2,6 million in 2020.

Will this continue in 2022? It will all depend on the inventory stock levels, if the congestion is the US and China will be resolved and if empty containers can be steered at a faster pace back to China.

Chinese Container manufacturers keep on producing units at high speed

Just when we thought the prices for standard dry cargo containers would come to an ease, we were wrong, so wrong! The three main factories for building shipping containers (CIMC, DFIC and CXIC) have again increased their tariffs to US$ 3.800,00 per 20-foot standard container.

The price has basically doubled in a years’ time!

It seems that heavy congestion in various ports in Central and South China, but also on the US east coast are just two of the problems creating this huge demand for container equipment. Order books are full for several months and factories don’t show any interest in stabilizing or decreasing these prices on the back of a big increase of production.

It is expected that all factories together will manufacturer roughly 4,5 million containers compared to 2,6 million in 2020.

Will this continue in 2022? It will all depend on the inventory stock levels, if the congestion is the US and China will be resolved and if empty containers can be steered at a faster pace back to China.