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China International Marine Containers Wu Sanqiang: Three main reasons for the outbreak of containers this year.
Gelonghui December 5th | Wu Sanqiang, board of directors' secretary and joint company secretary of China International Marine Containers, explained the reasons for the container outbreak this year at the roundtable meeting of the 9th Gelonghui Global Investment Carnival "Global Vision" Investment Summit: Firstly, the global population is increasing, regional development remains uneven, factors of production, international division of labor, and trade always persist, global trade is constantly growing. Secondly, the container fleet is becoming larger and larger. Currently, the total number of containers in the entire fleet is close to 50 million. A certain proportion needs to be updated and eliminated every year. Containers float on the sea, exposed to corrosion by seawater, and need to be replaced after around 10 years.
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