Container prices reach their lowest in three years

Drewry published the ‘Container Equipment Insight’ report, which lists prices for virtually all types of containers. According to the document, at the end of 2019 container prices reached their lowest level in three years.

Drewry’s new dry container price index indicates that the values of the new 40-foot containers dropped 5% during the quarter, representing an annual drop of 13%.

This drop is due to an excess of supply, which exerted the greatest pressure on container manufacturers. Despite this, production of new containers for dry products increased during the 4th quarter of 2019, but remained significantly lower than in 2018. The production of refrigerated containers, on the other hand, presented gains year on year.

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