As reported on this blog back in March, many in the trade predicted a shortage of containers and a resultant freight rate increase for 2011.
Now, however, Alphaliner, a market analyst for the liner shipping industry, foresees no container shortage during peak season. As reported in the Journal of Commerce, the primary reasons are that “[l]easing companies and ocean carriers have ordered sufficient numbers of new containers during the last 12 months, while demand growth has failed to match earlier projections.”
In addition, Alphaliner indicates that falling demand has caused “prices for new TEU dry containers drop from $2,900 at the beginning of the year to less than $2,500 per TEU.”
See the full article here.