Prices of dry freight shipping containers have doubled over the past year to reach historic highs but will moderate over the next few years, according to Drewry’s recently published Container Census & Leasing Annual Review and Forecast 2021/22 report.
Dry box purchase prices rallied strongly in 2020 from the lows of the prior year to reach their highest level since 2011 by the fourth quarter, with a Year Over Year (YoY) gain of 75%. Then by the second quarter of this year (2Q21) 40ft high cube containers breached the $6,500 threshold, more than doubling over the year, to reach their highest value since Drewry started monitoring container equipment prices back as far as 1998.
