Jury still out on benefits of index-linked contracts for shippers
Freight index platforms are keen to push index-linked agreements (ILAs), but there are questions about ...
© Scanrail
By Mike Wackett
The price of new containers continues to tumble, reducing daily hire rates and bringing impairments for lessors.
In the first quarter of this year, the cost of a new 20ft dry freight container fell to its lowest level since 2002 – averaging $1,350, down from around $1,850 a year ago – due to weak demand.
And prices are still falling, according to the latest edition of Container Equipment Insight, published by shipping consultancy Drewry.
“New box output has slumped markedly this year, with leasing companies again showing a ...
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