Spinnaker Quarterly Box Market Briefing

“As many customers and those involved in the container storage industry know, trends in the supply of containers into the storage and domestic use markets have varied greatly over the past couple of years due to the COVID-19 pandemic and its impact on the global supply chains.

At the end of 2021, after facing several container shortages, inventories of certain containers began to increase throughout the United States and Canada. This was particularly so with new built 40’ high cubes experiencing a high buildup of containers in New York, Los Angeles, Vancouver, Seattle, Savannah in the Americas and Rotterdam, Hamburg, and in various inland locations in Poland and the UK across Europe.

With limited depot space, congestion remains an issue, which has led carriers to continue the policy of maintaining larger inventories on their fleets. In turn, this has led to lower off-hires of leased boxes into the container storage market. Inventory is remaining at lower levels for a more long-term period and this has maintained prices at historically high levels in many markets.

Container Market Statistics

Spinnaker has developed and refined its industry data tracking over the last 20 years and is happy to share that data with its partners. If you would like to receive our Quarterly Box Market Report please contact us today.