Drewry expects 2024 to be the second highest year on record for dry freight container manufacturing, driven by the all-time high quarterly production in 2Q24, followed by July’s output of dry freight and reefer containers exceeding 850,000 teu from factories in China. Manufacturers are reporting full orderbooks until mid-October, reports Drewry.
Strong exports
The provision for containers in numbers and at locations where they are required has become a challenge because of the strong exports from Asia, congestion at large container transhipment hubs and declining container productivity due to the extended voyage caused by the Red Sea crisis.
Production of reefer boxes also increased in the second quarter, but the numbers were still in the range we have seen over the last several quarters. The tonnage of reefer cargo on routes which would normally include the Red Sea fell by more than 5% YoY in 2023, well before the start of the recent supply chain issues.
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Source: Drewry
