Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Crime
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Events
    • Freight & Trading Weekly
    • Imports and Exports
    • Infrastructure
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Sustainability
    • Technology
    • Trade/Investment
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Freight & Trading Weekly

Container rentals on the up

27 Apr 2018 - by Liesl Venter
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

The past 18 months have seen a dramatic spike in prices for shipping containers – up by more than 140% compared to the end of 2016, according to Speedspace director Barron Charsley.

It’s a growing trend around the world, with prices of new and used containers rising. And with the recovery in seaborne trade in the past year – and predictions of further growth and recovery – prices are expected to remain high.

According to Reuters, the tight market for standardised boxes is a result of carriers cutting overcapacity, but also points to a recovery in global trading after years of lacklustre growth. Charsley said locally the increased price had resulted in a reduced appetite from end-user customers to purchase containers.

“As a result of this, Speedspace has seen a significant increase in demand for rental containers both within South Africa, in our international markets including Zambia, Botswana, Tanzania, as well as from clients utilising our SOCs for both import and export cargo (mostly to and from Asia),” he said.

“This increased rental demand, coupled with limited supply of expensive pre-owned containers, has seen Speedspace making significant investments in brand new 20-foot containers. These have been dedicated to the rental fleet to ensure we are able to supply our clients with premium quality containers for long- or shortterm, domestic or cross-border leasing.” 

CAPTION

A dramatic spike in prices of shipping containers has boosted the rental market.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

FTW 27 April 2018

View PDF
Volumes on the rise – and productivity improving
27 Apr 2018
Swaziland name-change a costly exercise
27 Apr 2018
TNPA’s OTC clicks the right buttons
27 Apr 2018
Duty Calls
27 Apr 2018
New straddles stretch boundaries
27 Apr 2018
NRCS rubs salt into the wound with proposed 6% increase
27 Apr 2018
  •  

FeatureClick to view

Botswana 20 June 2025

Border Beat

Police clamp down on cross-border crime
17 Jun 2025
Zim's anti-smuggling measures delay legitimate freight operations
06 Jun 2025
Cross-border payments remain a hurdle – Masondo
30 May 2025
More

Poll

Has South Africa's ports turned the corner?

Featured Jobs

Senior Sea/Air Import/Export Controller (Multimodal Controller) Strong on Imports

Tiger Recruitment
East Rand
20 Jun
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us