Container equipment prices plummet
LOWER production and material costs, in addition to weak demand, have driven the price of new container equipment down to record lows, which are forecast to fall further during 2016.
According to MANA, In their latest Container Census report, analysts at Drewry say the container equipment index price at the end of 2015 was $1,450 per teu, down from $1,900 a year earlier. “Some of the recent price fall has resulted from the weakening state of the global economy and the decline in trade demand,” said Drewry lead analyst Andrew Foxcroft.