Shipped.com Analysis: New build container prices have been steadily rising since early 2016. Currently container manufacturing costs are up, over 42% higher today than in 2016. Prices have been affected by an industry change from oil (solvent) paints to water based. Retooling and adjusting factory processes is expensive and the latest build price reflects these challenges. In addition, 2015 and 2016 reflected historically low manufacturing prices coupled with high inventory supply. Production prices became unsustainable and our current day's surge in pricing reflects this unwinding of downward price pressure along with low inventory and sustainable demand. We foresee the market prices for new builds to continue to maintain even or tick slightly higher throughout the rest of 2018.
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