The present time is the recovery time for the shipping industry as the container manufacturers are slowly picking pace of manufacturing containers after the economic slump in the global market. The shipping container prices are still set to rise as the shortage of containers in the shipping industry is still not up to par with the supply of containers. There have been many reports where the ships have refused to ferry good because of absence of shipping containers or high price of the available shipping containers.
Singamas Container Holdings Ltd. is the worlds second largest manufacturer of shipping boxes and they have said that prices are set to increase by up to 9 percent by year-end. This rise in prices is a direct result of shipping service providers struggling to meet the demand of shipping containers in the global trade.
Teo Siong Seng, CEO, Singamas Container Holdings Ltd said that there might be a global shortage of as many as 4 million containers. This shortage of supply has led to a rise in the prices and the prices are on an upward slant which wont stabilize for some time to come. There is very high demand from Asian countries for the shipping containers and shipping operators often bring containers empty containers from Europe and USA which leads to additional costs.
The lack of containers in the market and their constant demand brings a golden opportunity for investors to invest in the shipping containers and fulfill the demand created in the industry. Pacific Tycoon is one company that can help investors by providing them with 12% return on investment through shipping container investments. Investors can earn 12% return on shipping investments in the containers through the company and the company will make all arrangements to lease the containers to the interested parties. Find out more by browsing through www.pacifictycoon.com