Container Shortage Drives Ocean Freight Rates Skyward
A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates.
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Shipping Containers
Smart Containers Expected to Grow Six-Fold Over Five Years
The smart shipping container equipment fleet is forecast to grow six-fold over the next five years and account for 30% of global inventories by 2027.
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Global Containers Slump to 14-Year Low
Stagnating trade and a ballooning surplus of shipping containers has led to a collapse in newbuild container output, which is forecasted to slump to its lowest level in 14 years.
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Global Shipping Facing a Surplus of Containers
While there was a shortage of containers at the height of the COVID-19 pandemic, the global economy is now facing the opposite problem: too many containers.
Read moreMore Container Vessels Arrive On Time
Container carriers made progress as far as having goods arrive on time in June, according to Sea-Intelligence. June marks the first month this year in which carriers’ schedule reliability is better than in 2021.
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