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Shipping Containers Are The Backbone Of World Economy

 Shipping Containers Are The Backbone Of World Economy

Shipping container industry is seeing a sharp rise in the profits and the business this year has surpassed the business done in the year 2008

. Shipping containers can be effectively called a barometer of the global economy as their extensive use by companies means that business is booming in all quarter of the world. Two of the most important companies in container trade Denmarks AP Mller-Maersk and Dubais DP World have reported further evidence of the recovery in the trade of shipping containers that are used for transferring goods all over the world.

The upturn, boosted by traffic of goods to and from emerging economies, has been so strong that analysts say that it has surprised many industry experts. Maersk, owner of Maersk Line, much the worlds largest container carrier, said volumes on long-distance routes served by its ships had been up 13 per cent in the first half this year compared with last. Trans-pacific services between Asia and North America saw an 11 per cent increase, while services to and from Latin America saw an 18 per cent improvement.

DP World container movements at its ports were up 7 per cent in the first half over the same period last year. The Australia and Americas division of the company, which includes Latin America, saw volumes up 31 per cent on last year. The increased volumes have pushed up rates per container shipped, boosting the profitability of lines. Maersk said rates per 40-foot container were 30 per cent higher for the first half this year than last year, while Neptune Orient Lines has seen a 15 per cent improvement in the year to July 23. Maersk predicted net profits this year of more than $4bn, close to the record $4.69bn (3.6bn) achieved in 2004.

With the success of shipping companies in the shipping container industry, now is the right time to invest in the shipping containers and reap its rewards for the long time to come. Pacific Tycoon is one of the top container leasing companies in the Pacific and they provide shipping containers to investors and then lease these containers to companies that need to ship goods all over the world. An investment in shipping containers is a sure shot way to get amazing profits. The company offers investment management service for investors and takes care of all the paperwork.

by: Ted Mallory
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Shipping Containers Are The Backbone Of World Economy