With container equipment currently in short supply, the production of new dry container equipment has surged since the end of last year. New dry box production surged to 520,000 teu in April alone, 3 times higher than the 2023 monthly average with new factory production fully booked until the end of July. New box production expected to exceed 4m teu this year compared to 1.97m teu in 2023. The record production year was in 2021 when more than 6m teu of new boxes were delivered.