The container producers are losing upwards of USD 200 every time they send a new dry container into the market, according to a new study by Drewry. Maersk recently shut down two factories, though the shipping line and its peers could benefit from the development.
The weak growth prospects in the container industry are reverberating throughout the supply chain and are now hitting suppliers. The average price for new containers fell to the lowest level in 14 years in the last quarter, writes Drewry.
Chinese container manufacturer CIMC - key competitor to Maersk Container Industry - improved its bottom line 30 percent in the first half of 2015. The company projects lower growth in the second half of the year.