Container prices double causing executives to look for new container manufacturing in Vietnam

Container prices double causing executives to look for new container manufacturing in Vietnam

Container prices double causing executives to look for new container manufacturing in Vietnam

The container market has boomed over the last six months. Container prices doubled in 2020 and lead times for new orders have got longer.

Manufacturers are sticking with a single shift system, despite high demands. This way they are restricting output in order to support higher prices.

Because this restriction is a major issues for shipping lines and the container industry, executives are thinking about starting container manufacturing in Vietnam. This would increase competition, which is now lacking.

Container prices double causing executives to look for new container manufacturing in Vietnam

The container market has boomed over the last six months. Container prices doubled in 2020 and lead times for new orders have got longer.

Manufacturers are sticking with a single shift system, despite high demands. This way they are restricting output in order to support higher prices.

Because this restriction is a major issues for shipping lines and the container industry, executives are thinking about starting container manufacturing in Vietnam. This would increase competition, which is now lacking.