Low material costs and stable demand has driven the price of new container equipment down to record lows where it is forecast to stay, according to the latest edition of the Container Census report published by global shipping consultancy Drewry.
The container equipment index price had hit a 10-year low by June, falling below US$1 750 per TEU.
Recent history showed that the index fell sharply in late 2012 before stabilising at just above $2 000 per teu throughout much of 2013-14 - but it has continued to decline sharply this year.
Record low costs for container equipment here to stay - Drewry
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