The price of new containers hit three-year low

The price for new containers is under severe pressure with growing competition and uncertainty in the industry. Prices for all container types went down in late 2019, reports Drewry.

Photo: PR / Maersk Container Industry

Container manufacturers encountered a three-year low in late 2019.

The price for a dry container dropped 6 percent in the last quarter of the year, while the price for a reefer container remained stable. Since 2017, the price for a newbuild dry container has gone down 27 percent, while reefer equipment has gone down 6 percent in the same period, reports Drewry.

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