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.