Shipping container makers seeing surging demand

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A trade boom in the second half of last year caught container producers, mostly Chinese companies, by surprise as the pandemic threw the existing supply of about 25 million containers off their normal routes. The worlds biggest makers of shipping containers are now scrambling to meet a surge in demand for the metal boxes, as per reports. Manufacturers have been ramping up output but have been unable to alleviate shortages that have underpinned soaring freight rates for six months, the reports added.