Experts Warn of China’s Near-Monopoly on Freight Container Production, Global Supply Chain At Risk

Contact Your Elected Officials
The Epoch Times Header

Expert says it’s ‘deeply concerning’ China produces 95 percent of the world’s shipping containers

A recent report from the U.S. Federal Maritime Commission (FMC) showed that China’s control of global container manufacturing poses a threat to supply chains and economies worldwide.

On March 30, FMC Commissioner Carl Bentzel released his assessment (pdf) of China’s control of container and intermodal chassis manufacturing after a year of research, market observation, and synthesis interviews.

The report points out that the three largest Chinese manufacturers control over 86 percent of the world’s supply of intermodal chassis. Those same companies manufacture over 95 percent of the 44.2 million containers used in global shipping, including U.S. domestic train and truck intermodal containers.

According to Bentzel’s assessment, the Chinese communist regime effectively controls the world’s container and chassis production, arguing that Beijing may manipulate market prices and add to the global supply chain disruptions.

“When demand for ocean containers increased, Chinese-based intermodal equipment manufacturers were notably slow in ramping up production, raising the question of whether this was part of a deliberate strategy to manipulate prices,” the report said.

The prices for Chinese manufactured containers had risen to $6,500 in 2021 from $1,600 in 2019, a nearly 400 percent increase over pre-pandemic prices. Meanwhile, container leasing rates were also up by around 50 percent in the span of six months before November 2020.

The report called China’s near defacto worldwide monopoly in shipping container production “deeply concerning.”

China’s Rise to Container Production Monopoly

Containers are one of the key elements of globalization. Ocean freight costs were high before the wide use of intermodal containers. Cargo loading and unloading efficiency at the port terminals were sometimes even longer than the ship’s sailing time.

Today, 95 percent of industrial products worldwide are shipped via containerized intermodal freights.

The United States was the largest producer of freight containers in the 1960s. However, due to changing economic and logistical factors, production centers soon moved to Europe and later to Japan and South Korea. In 1991, South Korea became the world’s largest container producer, with an annual output of 349,000 TEU, according to Jiemian News, a Chinese financial news site.

Twenty-foot and 40-foot containers are the most commonly used containers for shipping. A standard 20-foot container is referred to as a TEU (Twenty-foot Equivalent Unit), while a 40-foot container is two TEUs.

By Shawn Lin

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Kirk Assassination Oddities

Just like the assassination attempt on President Trump in Butler, PA, there are oddities that do not add up with the actual assassination of Charlie Kirk.

Pharma-Funded Medical Groups Threaten Anti-MAHA Physician Strike

“A paradoxical pattern has been suggested in the literature on doctors' strikes: when health workers go on strike, mortality stays level or decreases."

Fauci Caught DEAD TO RIGHTS in Anti-FOIA Conspiracy, Per Newly Released Emails

Fauci told Congress in 2024 he never pressured staff to delete emails, but evidence shows otherwise, raising perjury concerns and calls for indictment.

America is facing what could be described as “disorganized troubles,” born of a feeling of powerlessness.

The US is seeing a pattern of consistent, politically motivated lone-wolf attacks, evident in events like the murder of Charlie Kirk on a campus in Utah.

A Bullet Is No Argument

Charlie Kirk’s sharp intellect and joyful debate style dismantled challengers’ arguments, making him a target for those opposed to truth and goodness.

How Charlie Kirk Challenged and Inspired a Generation of Rising Political Influencers

Charlie Kirk built Turning Point USA by energizing young minds in political debate and inspiring the next generation of conservative influencers.

Ford and GM Scale Down Electric Vehicle Investments Amid Policy Shifts

In the face of weak sales and a sweeping reversal in federal policies, major American automakers Ford and GM are changing their plans for electric vehicles.

US Official Warns Of New Deadly Synthetic Opioid From China

U.S. authorities are warning of a new synthetic opioid from China that can be up to 50 times more potent than fentanyl.

‘I Will Never Let Your Legacy Die’: Charlie Kirk’s Widow Gives First Public Address After Assassination

Erika Kirk, widow of Charlie Kirk, made her first public appearance and shared her heart after her husband was brutally assassinated in front of the world.

Trump Signs Memo Targeting Direct-to-Consumer Pharmaceutical Advertising

President Trump signed a memo to ensure drug ads give fair, balanced, and complete information to protect and inform American consumers.

Trump Runs out of Patience With China, Sharpens His Words

President Donald Trump’s recent remarks targeting China and its allies mark a noticeable shift in tone.

Trump Signs Order Renaming Department of Defense as Department of War

President Donald Trump on Sept. 5 signed an executive order renaming the Department of Defense as the Department of War.

Trump Signs Executive Order Targeting Countries That Unlawfully Detain Americans

President Trump signed an EO on targeting the unlawful detention of American citizens around the world and to facilitate the release of hostages.
spot_img

Related Articles

Popular Categories

MAGA Business Central