Special shipping containers provide some hope for container manufacturers | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ The shipping container market size is expected to grow by USD 2.4 billion between 2022 and 2027. However, the growth momentum of the market.
How Three Chinese Companies Cornered Global Container Production
Never before has the humble ocean shipping container been this important to American business. If you can’t get one, you can’t move your international cargo and supply has never been tighter. The cost of global trade is now contingent on how many containers exist, where they are and where they aren’t.
How many containers exist is controlled by China. Virtually every ocean shipping container in the world is built there.
Just three Chinese companies account for the majority of production, with Chinese factories now building more than 96% of the world’s dry cargo containers and 100% of the world’s refrigerated containers, according to U.K. consultancy Drewry.