Flexport: Red hot container market calls for 500,000 new containers

500,000 new containers need to be built to stem the currently red hot container market, freight forwarder Flexport tells Bloomberg. Satellite photos show a large number of container ships waiting in line off Los Angeles, reports the media.

Photo: Lucy Nicholson/Reuters/Ritzau Scanpix

It is necessary to produce 500,000 new 20-foot containers to stem the currently red hot container market, says US-based freight forwarder Flexport.

In a comment to Bloomberg, the company's vice president of global ocean, Nerijus Poskus, estimates that it will take hundreds of thousands of new containers to meet the current market demand.

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