Record demand for shipping containers in 2024

16. 9. 2024

Demand for shipping containers reached record levels in 2024. In May of this year, 15.94 million TEU (twenty-foot equivalent units) were transported by sea, surpassing the previous record from 2021. This growth is driven by several factors, including port congestion, supply chain disruptions, and economic recovery.

Port Congestion

Large ports like Los Angeles, Shanghai, and Rotterdam are facing severe congestion, with ships waiting weeks to unload. The average waiting time for docking has increased by 20% compared to last year, slowing down the entire supply chain.

Supply Chain Disruptions

Global supply chain disruptions, including geopolitical tensions and natural disasters, have increased reliance on container shipping. Events such as the Suez Canal blockage in 2021 highlighted the vulnerability of global trade routes.

Economic Recovery

As economies recover from the Covid-19 pandemic, consumer demand for goods is rising, particularly in North America and Europe. Retailers are replenishing their stocks, leading to higher volumes of import and export.

Technological Developments

The ongoing growth of e-commerce has significantly increased the demand for container shipping. Companies like Amazon and Alibaba are importing large quantities of goods to meet consumer demand.

Shipping Cost Impacts

Increased demand for containers has led to a significant rise in shipping costs. The average price for shipping a 40-foot container has more than tripled since pre-pandemic levels.

Industry Responses

The industry is responding to these challenges by investing in larger and more efficient ships and modernizing port infrastructure. Ports around the world are investing in expansion and improving cargo handling efficiency.

 

Shipping container 40 HC including side doors

 

 


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