ShippingWatch

Textainer sees container shortage persist well into 2021

Container lessor Textainer does not see a return to a balance in the supply and demand of boxes before mid-February next year, the company tells ShippingWatch. Competitor Triton agrees that shortage will prevail until after Chinese New Year 2021.

Photo: PR / Hapag-Lloyd

Shippers will have to remain patient and probably also pay extra for ocean transportation of their goods for at least another five or six months.

The rally on the container market has taken rates to record levels and the development only seems to continue, above all on the Trans-Pacific services from Asia to Long Beach and Los Angeles

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