Due to adverse market condition faced by the Shipping industry and Leasing companies
worldwide, the demand for newly manufactured containers has not picked up. For maximum
utilisation of their existing inventory, the Shipping companies and the Leasing companies
are getting the old containers repaired as well as repositioning their empty containers
accumulated in low demand ports to better demand ports.
Currently China has become the only manufacturer and supplier of these containers due
to very low prices. Thus the Company is not in a position to re-commence the manufacturing
of ISO Marine Freight Cargo Containers and this Industry will continue to remain unviable
in India till the trend improves.
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