Container market: Supply meets demand?
Container market: Supply meets demand?
Container market: Supply meets demand?
21/09/2017
21/09/2017
The development of import-export and domestic trade activities is creating great demands for the supply of quality containers. According to statistics from the Vietnam Logistics Business Association, Vietnam has about 4,000 logistics enterprises, with a growth rate of up to 20%/year, so the need to expand business and improve facilities will certainly increase sharply. Many Vietnamese logistics enterprises have shared about the need to expand and develop the domestic transportation sector, because Vietnam's attraction of foreign investment has increased sharply, so the demand for domestic transportation will increase, but foreign enterprises often choose reputable enterprises with good transportation infrastructure... so Vietnamese logistics enterprises are forced to invest to attract customers.
The above factors are promoting the business of buying, selling and leasing containers, although it was born late, but it is developing very vigorously. In fact, buying, selling and leasing containers not only meets the transportation and equipment needs of enterprises but also meets the needs of refurbishing temporary houses, mobile houses, etc.
Regarding prices, container prices increase and decrease seasonally, especially during peak seasons for transporting and delivering goods. Container prices are on the rise because the world's largest container production and supply market, China, is adjusting its production methods, requiring container factories to change the type of paint to ensure the environment, while this type of paint is many times more expensive than the old type of paint.
In addition, shippers can invest in buying used containers for about 2,500-3,000 USD/container. However, if customers buy them to refurbish and exploit them in transportation or living services, they can quickly turn around their capital.
Vietnam can build containers, but the quantity to achieve international quality is still very small. However, the technique of building containers is quite simple, only requiring quality steel, paint coating, etc., so Vietnamese industrial enterprises can take advantage of it and have many capabilities and potentials to invest in development. Therefore, the supply of containers is at risk of falling far behind demand. Some enterprises said that due to the difficulty of domestic and imported container sources, the enterprises only act as representatives for foreign agent enterprises, acting as a link with customers. When domestic customers want to rent or buy containers, the enterprises will transfer information to the agent and do the procedures to deliver the containers to customers. These containers are all owned by agents abroad.
Compiled by VITIC
Regarding prices, container prices increase and decrease seasonally, especially during peak seasons for transporting and delivering goods. Container prices are on the rise because the world's largest container production and supply market, China, is adjusting its production methods, requiring container factories to change the type of paint to ensure the environment, while this type of paint is many times more expensive than the old type of paint.
In addition, shippers can invest in buying used containers for about 2,500-3,000 USD/container. However, if customers buy them to refurbish and exploit them in transportation or living services, they can quickly turn around their capital.
Vietnam can build containers, but the quantity to achieve international quality is still very small. However, the technique of building containers is quite simple, only requiring quality steel, paint coating, etc., so Vietnamese industrial enterprises can take advantage of it and have many capabilities and potentials to invest in development. Therefore, the supply of containers is at risk of falling far behind demand. Some enterprises said that due to the difficulty of domestic and imported container sources, the enterprises only act as representatives for foreign agent enterprises, acting as a link with customers. When domestic customers want to rent or buy containers, the enterprises will transfer information to the agent and do the procedures to deliver the containers to customers. These containers are all owned by agents abroad.