As we’ve mentioned in recent posts, new shipping container pricing is set to take an increase in the next couple of weeks. Along with this, we’ve seen used shipping containers take a bump in prices in the recent weeks also. Overall, the industry is not sure how long the pricing changes will stick, but it looks like they’re here for the next couple of months at the very least.
New shipping container prices have increased due to the paint changes required by the Chinese government. Previously, shipping containers were all painted with solvent based paint, but recently the government in Beijing now require all shipping containers to be painted with a waterborne paint. This has forced the factories to change the way they paint their containers and the length of the production line due to the drying process. This has also forced many shipping lines and leasing companies to extend the life of their used shipping containers and this has increased the utilization rates and decreased available “sales” inventory at many depots around the world.
Good question, but there’s no direct answer. There are many factors that go into this answer, and no exact science behind it. New containers will begin to flow through the process, but the cost of retooling the factories will need to be absorbed somewhere in the supply chain. Used containers, gradually coming into sale as used containers, will have waterborne paint so their prices may be higher. However, if any other shipping lines goes bankrupt and sells all of their container inventory this could depress the prices of used equipment.
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