>North America currently faces a 40% imbalance; which means that for every 100 containers that arrive only 40 are exported. 60 out of every 100 containers continue to accumulate, which is a staggering figure considering the China to USA trade route sustains on average 900,000 TEUs per month.

>The scrapping of containers now exceeds the building of new ones, causing inventories in factories to plummet. It will take months before more vessels and containers are built, meaning capacity likely won’t normalize until Q2 2021.

Interesting, try to buy one and they are charging and arm and leg. About 10-15 years ago you could pick up an old 40 FT container for about $500. Today you could go to a yard that has 10000 stacked and rusting containers and they want $2k plus to buy a beat up one.

Here is a 20 Ft beat to shit for $3600

https://northerncontainersales.ca/shipping-container-prices/...