Three-quarters of forwarders highlight bright market outlook for shipper-owned boxes

3d cargo container ship in ocean. Large cargo vessel loaded with containers sailing in sea.

Some 74 per cent of freight forwarders recognise the market opportunity for Shipper-owned containers (SOCs). 

According to Container xChange, market volatilities triggered by global supply chain crises over the past two years have been to thank for the recent receptiveness towards SOCs. 

A thriving environment for SOCs subsequently followed, particularly in Asia which developed as a key market for SOCs. 

International freight forwarding company, Pudong Prime, observed that due to lower pick-up charges and D&D charges there was a competitive advantage of SOCs over Carrier-owned Containers (COCs). 

READ: DP World launches new digital product for freight forwarders

Co-Founder and CEO of Container xChange, Christian Roeloffs, said: “The rise in awareness for SOCs shows that industry participants are responding to the supply-chain pressures by diversifying their sourcing strategy.”

Commenting on the newfound opportunity in the SOCs market, Wilson Le, Marketing Development Strategy, Pudong Prime said: “We have gained a competitive advantage with SOCs as compared to the high detention charges and equipment shortage associated with COCs. We’ve achieved a cost advantage due to the lower pick-up charges with SOCs compared to COCs.”

Through the Container xChange platform, Pudong Prime has increased the volume of containers leased through making 16 new partners and leasing 659 containers to 18 locations in North America and Canada. 

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.