A Detailed Overview of the Shipping Container Market

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With the introduction of the modular construction, shipping containers have been come into great use at a reasonable cost, right? Its wide range of usages in the construction industry witnesses the highest growth owing to an enormous height in the global economy as well. Both the trade volume and GDP experienced a good increase in 2017.

Being the sea-borne trade it is still expected that it has much way to go in contrary to the previous years. Also, a large potentiality can be observed for it to serve the rail freight industry at the same time. But due to the protectionist measures of some countries is there regarding the freight height the business expansion may get limited to some extent only

Additional costs will get incurred by the water-based coatings for the environmental regulations. Whichever may be the key aspect, here we will go through the scenario of the shipping container market and see how the changing environment impact these day’s business owners. So, let’s get started.

Expansion of this sea-borne trade for driving the shipping container market

Before we drive to anything else, we must start from the very basic. It will give you a clear idea about the things happened actually and the way it occupies a vast piece of economy and business landscape

The shipping container is mainly built for exporting and importing goods from other subcontinents via sea-route. You can say it gives a new way to trade for the sea-borne businesses in a much feasible manner.

Over time, it has occupied 60% of the total water-transported businesses across the globe. This results a great impact on its value leading to the high usability of the shipping containers for sea freight transportation as well. So, it can be concluded that the sea-borne trade is the main reason underlying the significance of this containers and for driving its market.

Also, with the passing days the demand for new and advanced containers propels. Hence, the larger-sized vessels with above 8000 TEUs get increased by extra 4%. The productivity to meet the demand gets influenced as double as it was in back 2016.

Major developments in the world of shipping container market

Since its introduction for multiple purposes, it has undergone certain remarkable development periods. Those are mentioned below so that you can understand its importance in this era:

  • October 2017: Shenzhen ZhongHong Equipment Technology formed a joint venture with China International Marine Containers (CIMC), ASTO Telematics, and HongYi Hi-Tech expecting to work for supplying smart container components
  • March 2018:Siasun Robot & Automation Co. Ltd (Siasun) and CIMC Container have a made a contract stating the friendly cooperation in intelligent manufacturing field. After that, the “Flying Dragon Plan” of CIMC Container takes the charge for the renovation and upgradation of the production lines.
  • March 2018: A joint initiative was formed by Carrier Transicold and Singamas Container Holdings Ltd launched PrimeLINE ONE. This was mainly done for the production and supply of refrigerated shipping container. It is known for its assembly on-site benefits as a substitute to the conventional bolting approach of full refrigeration system. It is done so by adding it in front end of the insulated shipping container

Factors that impact the driving of the shipping container market positively

There are numerous factors that impact the shipping container market directly. Some of them are mentioned here for your reference:

1. High demand of cargo transportation via ships

Cargo transportation via waterways gets highly demanded a couple of years back. It is due to the efficiency in transferring the goods to other ends or subcontinents. Moreover it is also regarded as the safest mode of transportation as well. Even in contrary to other modes of cargo transportation it is much affordable and makes the delivery possible within shortest time period.

As per Stats, 177.6 millions of containers with 998 billion tons are being delivered to other countries every year. The latest innovation in the giant players or commercial vessels comprised of navigation system and advanced sensors for influencing its efficiency in the long run. These latest features also contribute in influencing the market demand of the shipping containers.

2. Rise in the agreements associated with trade

A number of trade associated agreements have been made for the economical and business development within two or more nations. It makes the job of transportation of goods much easier than ever.

Furthermore, suppliers also select the water ways as the effective and better means of transportation at the same time. This creates an inclination towards the manufacturers of the cargo shipping containers in varied sizes and shapes to meet the demands of the suppliers.

But the facility of free trading contract is responsible for boosting the market growth at a good pace by cutting down the costs of taxes and duties. This trade activity also allows the importers and exporters to trade without paying any additional cost as taxes to Government of that particular country.

The bans related to the trace blocs are lifted to make the process much buttery and flexible. So this rise directly impacts the shipping container market complementing its growth and making its demand higher than ever.

Fluctuations in inventory and transportation costs

An appropriate transportation mode must be considered when huge amount of goods are being transmitted from one end to another be it region, district, state or country. The incurring cost for the transportation is reviewed as well to check whether it is efficacious or not!

Otherwise there is a high probability that it may create negative effect on the logistics. That’s why price is recognized as the key factor affecting every point of the logistic service ranging from primary function till the delivery of the goods.

The consistent fluctuation in the inventory and transportation cost greatly affects the shipping container industry by forcing some of the users to tend to some other modes of transportation to deliver the goods.

Anticipated automation trend in marine transportation

A step towards the automation in the shipping container industry is come out as a great help. It allows varied countries to show their interest in this business with the autonomous ship demonstration. These automated vessels can be used for both cargo and passenger transportation leading a golden opportunity to enormous growth in this industry.

For example- Finland based ferry operator Finferries and luxurious car owner Rolls Royce come with the earliest autonomous ferry. YaraBirkeland completely based on Norway is a complete autonomous container ship specifically designed for carrying passengers from 2020 onwards.

Electric vessels are also proposed to come in late 2020 with the hand of Yara collaborating with Norway-based Kongsberg. Therefore, on the basis of the automation in the shipping container industry, there is an expectation for growth including heightened safety measures in the world of shipping container market.

Key reasons for buying the market report

Before making an investment, it is pivotal to know about its marketing scenario or environment! Marketing report will help you in the following ways:

• Studying about the outlook of the future market in both emerging and developed environments
• Analysis of varied market perspectives by Porter’s five forces analysis
• Detailed analysis for the dominating nature segment of the market
• In the forecast period, the areas which are expected to face rapid growth
• Identification of deployed strategies by market players, market shares and latest innovations
• Free analyst’s report including estimate sheet of market for 3 months

Hope now you have much better idea regarding shipping container industry and market and can think of any future investment. Just consider the pivotal points before investing and review the market environment on a daily basis so that you can enjoy its full benefits and earn handsome.

7 main steps to a complete modular construction

Step 5: Plant Fabrication

Every construction of modular building is commenced with a frame of welded steel that looks very much similar to that of the Palomar’s steel shop. Then, the frame is transported to the main factory where insulation of sub-floor will be performed.

Also, the assembly of floor deck is done over the steel frame at the same time. Later, it will be shifted from the production line for hoisting, insulation and fabrication of the framed wall sections. The assembly of truss roof is made from grounded level components prior to its installation.

Then the unit will be undergone with the installation processed of plumbing, electrical and mechanical services as well. At last, interior finishing roles like flooring, painting and drywall are applied along with the installation of windows and doors.

At the very stoppage of production line exterior trim and finish are given so that it gets fully ready for transportation. While construction procedures take place at the manufacturer’s site, an inspection agency from third party is there for ensuring that the unit has been built with the building code compliance.

Step 6: Transportation

Shipping of the fabricated modules is done in special modular building materials transportation by road. As per law of building shipping, every module is limited to 70’-90’ in length and 16’ width. The ways to be followed for transporting the job to a specific job site are completely depended on the scope and size of the project.

Step 7: Installation

The general contractor who is specialized in modular building development will complete the on-site finish by installing the modules and making ultimate utility connections. The ways a specific building will be developed is entirely depended on the building foundation’s choice.

With the help of a crane, the required modules of grade, semi-permanent and permanent foundation will be set. However, only raised foundations make use of simple mechanical procedures to install the modules in the specific place. As the modules get installed in their desired places the procedures of both exterior and interior finishing gets started!

Simply, it includes mechanical system and electrical connection within trim, exterior sliding, skirting, wheelchair ramps, stairs and modules. Even utility connection is also considered as an important part of construction finishing!

Even nowadays, modular construction is helping the people in so many ways and it’s so easy to develop that most citizens of Dubai are also inclined to it. Moreover, no matter how big your project is it gets completed within a short span of time and that too in budget. Also, it possesses the same finish, luxury, interior, ambiance as an on-site building gives.

Pre-installation conversion work

Although converting a shipping container into a school building involves numerous procedures. Yet the optimum space is created by shedding off the side walls of the container and reinforcing it from the sections which have been cut off!

How an energy efficacious classroom can be obtained in a tight budget?

If any school wants the entire building to be energy efficient but cut out due to a tight budget then shipping container can be their ultimate solution. Under the boarding of plywood in the floor insulated thermal sheets can be installed. By installing the bi-folding patio doors and double-glazed windows, the green credentials of the building will be influenced further.

Grafotherm is a spraying product applied in the entire inside of the container. This cost-saving coating is also applied to ceiling and upper walls for alleviating the problems of condensation.

The key areas of conversion are mentioned below:

  • Preparing and re-painting of the external surface
  • Application of anti-condesation paint (Grafotherm) inside
  • Bi folding patio doors
  • Double glazed windows
  • Re-painting the external side of the container in dark green for easy blending it with the site or green environment
  • Damaging the wall sides of the container and reinforcing it to make plenty of spaces as usually classrooms have
  • Install the insulation feature with the help of thermal sheets under boarding of plywood.

Post-installation work

On finishing the construction of the entire school structure, remaining modification task is being completed. It includes:

  • Final touch-up painting
  • Staircase installation to get access to upper level
  • Adding of the deck in the patios
  • Instead of glass using of Perspex in the installed balustrade to protect it from getting damaged by cricket balls and other sport equipment

The final outcome: Budget-friendly and environment-friendly school building

By choosing shipping container for school adequate space can be provided in a limited budget. In fact, you can establish a mobile school which needs not any fixed location as address. Relocation will be easier for the school building as it possesses easy repositioning and disassembling feature as per the convenience

Due to the use of serviced shipping container in such a great project, it could set an example for the students as well as other people in the future. Apart from proper education, the structure of the building will allow the students to learn the usage of eco-friendly products and make the Earth green and sustainable.

Conservation of energy can be done with the help of the double glazing and insulation which are equally learnable by the students to utilize in the future as well.

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