Equipment costs hit record lows

Lower costs and weaker demand have driven down the price of new container handling equipment to record lows, according to shipping analyst Drewry.

The container equipment index price has fallen from US$1,900 at the end of 2014 to US$1,450 at the end of 2015, close to an all-time low.

According to Drewry, the price fall is down to cheaper production and material costs and weaker demand.