Projected increased Asia to Europe trade, a new environmental regulation in China and the Hanjin bankruptcy are contributing to fears of an upcoming container shortage. Container leasing companies are hesitant to place orders for new containers until all the Hanjin containers are recovered. Currently there are about 200,000 Hanjin leased containers unaccounted for. Additionally, there is a new regulation in China requiring solvent-based paint to be replaced with water-based paint on containers. All containers manufactured beginning April 1 will need to have the new paint and factories may suspend operations in order to modify machinery to accommodate the regulation. Additional details are available at: http://www.joc.com/maritime-news/fears-slow-recovery-leased-hanjin-boxes-may-affect-supply_20170214.html
Customs & Logistics News Story
Pertains to U.S.
Published in February 16, 2017 issue
Published in February 16, 2017 issue