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09 January 2009 The on-line newspaper devoted to the world of transports 11:27 GMT+1



April 1, 2004

Box and steel shortages hit shipping industry
Container prices up 39% as equipment shortages seen worsening

By Donald Urquhart

(SINGAPORE) A global box shortage and concurrent steel scarcity have pushed up the price of containers nearly 39 per cent as the container shipping industry enjoys almost unprecedented volume demand and vastly improved freight rates.

'They cannot build containers fast enough,' said Ron Widdows, CEO of Neptune Orient Lines' container shipping arm APL ......
Read more on Shipping Times





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