Drewry: Container price at new record lows

Low demand coupled with declining production and material costs are now affecting the supply chain servicing the container industry, sending prices on new containers plunging to record low levels. The price looks set to drop further in 2016, projects Drewry.

BY DANIEL LOGAN BERG-MUNCH

The discouraging market for container transport combined with lower material and production costs has set a new low for the price on new containers, notes analyst firm Drewry in its latestContainer Census newsletter.

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Moody's sees no improvements for the container market in 2016
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Container carriers have lost USD 50 billion in revenue
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2016 already looks horrific for the container industry
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