News / Chinese manufacturers cut container production to hold prices as demand falls

For the first time in a decade, the world container fleet is likely to be getting smaller, in the fallout from the coronavirus pandemic.

New research from Drewry Maritime Advisors suggests that, despite warnings from freight service providers that global maritime supply chains are likely to come under increasing pressure due to a shortage of equipment, it appears Chinese box manufacturers have substantially cut production to maintain prices.

According to Drewry, global container manufacturing – both dry boxes and reefer units – ...