China's container market is experiencing significant price hikes, with rates adjusting roughly every 48 hours. This increase is primarily due to uncertainty related to geopolitical tensions and sellers hedging risks, with prices jumping from $2,200-$2,300 in April to $2,500-$2,700.
Shipping lines and leasing companies made new orders of over 1000,000 TEU in April, factories are fully booked till September, and sellers are holding inventory, expecting price hikes.
Container trading and leasing prices from China to Europe and the US have been increasing, with more volatility observed in 2024 compared to 2023.
Although prices are rising, the container market is not tight yet, with containers still available, depots not at full capacity, and prices increasing at a slower rate than after the post-COVID demand surge.
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