Demand surges during the pandemic causing a shortage of containers in the right place has significantly tightened equipment availability at major export hubs.
Moreover, containership capacity is stretched to breaking point due to severe port congestion.
This box and tonnage crunch has driven big hikes in container lease rates, vessel charter rates and prices for equipment and ships that in normal times would have been retired or recycled.
And with many older containers being …

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Source: The Loadstar