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Five Factors That Affect Shipping Container Prices

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It is a well-known fact that around 80 % of global trade takes place through the maritime route. This highlights the importance of maritime transport and the shipping industry to maintain the vitality of the global economy. There are a number of internal and external factors that decide the healthy function of maritime logistics and its price. Maritime Shipping containers are one such important internal factor that can impact the freight price or translate to supply chain disturbance . It is to be taken into account that since May 2021 global cargo containers price has increased by 60%, significantly impacting shipping logistic prices. Countries around the world are regulating container exports and imports to ease the situation. Let us know five reasons behind the rising cargo box cost: Global Pandemic adding sky-high containers price The global pandemic has impacted the price of freight units in two ways. During the global lockdown, many countries closed their ports as a result empty

Tips for Renting Shipping Containers | LOTUS Containers

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Maritime shipping containers are highly demanded products due to their resilience and versatile utility. However, buying them can mean a hefty investment. The average price range of cargo containers varies between a few thousand dollars. It is not always feasible to buy them if the required duration is a seasonal or short period. So, as an alternative people can rent shipping containers with a suitable term plan. Hiring shipping containers can prove to be a more cost-effective solution than buying in case of short-term requirements. However, long-term leasing can be very costly and offers a less flexible solution. What are the things you should consider while renting containers? Here are a few tips for cargo box rental to make the whole process easier for you. How frequently do you need them? First and foremost, analyze the frequency of your requirement for metal shipping containers. If you need them throughout the year, renting them might be a very costly choice. But, if you need the

Tips to Renting Storage Containers | LOTUS Containers

Shipping containers have been in existence for more than a half-century. They are one of the major drivers of international trade. They were invented back in 1956 when an American entrepreneur came up with a solid idea of loading the entire cargo from the truck on the vessel at once. Ever since then, containers are being used for multiple purposes- shipment, storage, and building materials.    Today, container trading is going on a bigger scale as buyers and sellers eagerly look for some great deal. Apart from buying, container leasing is also one of the most practiced methods of acquiring shipping containers on lease .    Not every business looks for buying. Some want them on lease depending upon their business needs.   What is container leasing? Container leasing is an agreement between a container leasing company and a lessor stating that the containers will be used for the defined period and a rate documented within the terms of the lease agreement .     Leasing

What are FCL and LCL? | LOTUS Containers

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Containers are a convenient way to ship cargoes in bulk quantity overseas destinations. Over the years, their usage in the logistics and supply chain industry has been proved to be immensely significant. With increasing LPG (Liberalization, Globalization & Privatization), more and more goods started to be transported from one country to another. Every day tons of cargoes are being loaded and unloaded offshore to supply the goods to meet the demands of the people at large. Depending upon the cargo size, there are different options available for shippers through which they can load their cargo in containers and set them off for shipment.  Shippers tend to choose the most significant way to ship their cargoes that could cost them less while offering quality. Considering various factors like cargo size, weight, distance to be travelled, shippers find ocean shipping cheaper and easier. Apart from being the most versatile mode of transportation, ocean shipping also offers reliable ways l

A Brief on Side Door and Double Door Containers | LOTUS Containers

In the world of containers, you would find a variety of containers facilitating the storage and transportation of products ranging from A to Z. Containers are an essential way to store and transport almost all kinds of products you wish to. But before all that, you need to determine what your storage & shipping needs are and what will suit your requirement best. Here we will be talking about two most used types of containers- Side door and Double door that can be used for both- storage and transportation. 1.Side Door:  Side door containers are a bit different from other types. These are one of the most efficient options as they are built with wide entry door to access goods. Their one side along the length is fully or partially opened by means of a hinged door or hinged sides divided by the section to access the interior. This poses many benefits, not the least which ease of transferring lengthwise items and cargo such as automobiles, vehicles. That side cum door is either made o

Are Container Depot, Ports, and Terminals the Same? | LOTUS Containers

Becoming familiar with important terminologies of your industry is imperative to effective communication. When dealing in cargo shipment, you might have come across certain terms like container depot , ports, terminals, yards and some of you might feel that all these have a similar meaning. Even if they seem to be similar in few contexts, they carry a suffice difference that you must know being a freight forwarder, shipper, carrier, NVOCC, or anyone involved in shipping by any means. Now when you have come here, I am sure your confusion revolving around these terminologies will be resolved by the time you end reading this article. Every day millions of containers move in and out of the country and to facilitate their movement, all these four plays a major role. Container Depot:  A container depot is a yard or storage space where empty shipping containers are held in transit after being unloaded from the vessel and laden containers are kept for container survey, repair, and con

Top 20 Innovative Uses of Modular Shipping Container | LOTUS Containers

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You’ve seen them, on the deck of ships floating through the seven seas, or on the backs of the trucks accelerating on the roads, or perched on long hauling train headed across the continents, or stacked at depots to give a skyscrapers view. Shipping containers serve a pretty useful function. From storing goods to transporting them over long distances- they have become the ultimate king of modern logistics. The driving factor behind this is their impressive strength & durability.  The invention of shipping containers dates back to the 1950s when an American transport entrepreneur, Malcolm McLean gifted the world ‘the intermodal shipping containers ’ . Ever since its invention, it has radically transformed the supply chain, fundamentally altered domestic and global economies across the world. Earlier, which were primarily used only for the storage and transportation of goods has now gained tremendous popularity in the construction field as building materials.  Yes! You go