Surge in demand fuelled container price jump, says data provider Linerlytica
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[SINGAPORE] An analysis of container production showed that the surge in the prices of new shipping steel boxes in the last few years was fuelled by demand, container shipping data provider Linerlytica said.
After the US Department of Justice accused six container manufacturers of colluding to restrict the output of standard dry shipping boxes, sending the prices of these boxes up by 100 per cent in 2021, Linerlytica undertook an analysis of the container manufacturing output over the last 25 years.
The manufacturers who have been accused jointly command 95 per cent of the world’s total output.
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