Shipping Container Prices Set To Rise

The shipping container market is facing an acute shortage of containers as the manufacturing units are still recovering from the slump out there due to the worldwide recession. Singamas Container Holdings Ltd. is the worlds second-biggest maker of shipping boxes and they’ve said that prices will increase as much as 9 percent by year-end as shippers struggle to sustain with the demand for shipping containers in the worldwide trade that is picking pace rapidly.

The worth of a typical 20-foot shipping box in the market has already risen to 50 percent this year and it might climb to about $3,000 as early as December, Chief Executive Officer Teo Siong Seng said in an interview in Singapore July 16. Teo also said that there is perhaps a worldwide shortage of as many as 4 million containers. As the trade picks in the global economy, the shipping lines are facing shortage of containers and at many places they are refusing containers and rising rates for shipping due to lack of boxes.

The market is quite tight right now, said Um Kyung-A, an analyst at Shinyoung Securities Co. in Seoul. Shipping lines must bring back empty containers from Europe and the U.S. to meet Asias export demand. In line with Textainer Group Holdings Ltd., the most important container lessor on the earth, the worldwide box fleet shrank by 4 percent last year. The lack of containers out there and their heavy demand signifies that this can be a golden opportunity for investors to invest within the shipping containers and fulfill the demand created within the industry. As the prices of the shipping containers are set to rise by the top of the year, the investors can earn great profits by buying shipping containers now and leasing them to interested parties. Pacific Tycoon is one company that can help investors by providing them with high yield investment opportunities in form of shipping container investments. Investors can make safe high yield investments in the containers through the corporate and the corporate will make all arrangements to lease the containers to the interested parties. Find out more by browsing through www.pacifictycoon.com.
Author Box Ted Mallory has 1 articles online

Edward Ted Mallory is the CEO of Pacific Tycoons container business. Ted joined the corporate in 2007, holds a degree in law from Exeter University. His fields of expertise are International Maritime Law, Maritime Insurance and Finance.

Keratin I Tip Peruvian Straight Virgin Hair ExtensionsPrint article Report Add New Comment Shipping Container Prices Set To Rise By End Of Year
Log in or Create Account to post a comment. * * Security Code: Change Image Related searches: Shipping Container Prices Set To Rise By End Of Year
due to you lyrics global warming because of you marketing storage containers container gardening shipping containers for sale end of the world container store shipping container homes Related Articles Shipping Container Prices Set To Rise By End Of Year
Facts about Full Container Shipping
Publisher: Brooke Thom Full container or less container international shipping is the concept choice for big and small quantity transfer of products from one country to a different. Shipping Container For Hire
Publisher: Jully Container shipping for rent has completed it comparatively simple for starting of import and export trade. Frequently container ships are load ships take their whole weight in truck amount particular intermodal containers. Shipping Container Tracking System
Publisher: Jenny Lauper Essentially the most sophisticated unit for tracking containers in real time for security and management. The Triton integrates a GPS receiver, a cellular network modem (GSM/GPRS/EDGE), and a built-in accelerometer. The system gives you a full control on all possible events and situations with its automatic remote operation, system stability, and continuity Fuel Prices Set To Rise within the UK
Publisher: Laura Hartson As drivers on the roads in the UK, we all know that the primary cost to us is petrol. Prices are rising and rising and there seems to be no end in sight. Save Money The usage of Shipping Containers
Publisher: Ricardo Roizner That is the explanation why these shipping containers have become very talked-about. Shipping Containers: Durable, Multipurpose, Long-lasting
Publisher: Anirban Bhattacharya Over time, shipping containers have become popular among people all across the globe. Now they aren’t only used as containers for goods to be transferred, but in addition as convenient facilities as shops and temporary housing. How 20 Ft Shipping Containers Are Constructed?
Publisher: Rudy Silva The 20ft shipping containers were available more than 50 years ago. The first containers were used to send goods in metal boxes that may very well be loaded and unloaded by crane. The primary businessman to load a ship with several dozens of 35 ft shipping containers was Malcolm Mclean, a North Carolina resident. International shipping services and container shipping services
Publisher: Brooke Thom Container shipping done by the international shipping companies also includes the release or clearance of the shipment from the local body or port. These shipping services companies provide adequate help to acquire clearance from the local custom. Most of those companies have a wide network of agents who undertake such services. Shipping Containers Become Expensive Around the world
Publisher: Ted Mallory Shipping containers offer a benchmark for the world economy and the business done amongst the countries on the planet. The usage of shipping containers has risen by an amazing degree in 2010 which is way greater than the business done in 2008. Commodity Prices Rising
Publisher: Christine Harrell Notwithstanding the constant stream of negativity directed towards the one currency over recent days, the euro has at the very least stabilised and, in some instances, actually managed to creep higher against a few of the key currencies. The EUR is comfortably through the 1.31 level overnight, and EUR/GBP is up at 0.8330. This text was published on 2010/10/19 World’s Best Package Designs Bose SIE2 and SIE2i sport headphones Apple’s headphones for iPhone ” href=”http://headphone.ezinemark.com/sennheiser-rs-170-wireless-headphones-review-7738d333bf90.html”> Sennheiser RS 170 wireless Headphone reviews: Panasonic RP-HJE355 Google’s Third Quarter 2012 Earnings Top Creative Ice Cream Trucks America’s Most-liked Businesses Best Multinational Companies to Work for 8 Companies with Most Sales Exposure to Europe New Articles
Business

Add a Comment

Your email address will not be published. Required fields are marked *