Pacific Tycoon
Blog / Jul 2011
Dubai has been like Disney World for Asia. Up until the recent financial troubles of some of the larger builders, who like the rest of the world had eyes bigger than their pockets, the small country was a thing where only the imagination limited the possibilities. Although, the problems of building too quickly bit them [...]
When speaking of increased container traffic and new port development, does Nigeria ring a bell? It should. We posted a nice spiel about Nigeria last month and the impact the development is having on industry, tech, and standards of living. To get an idea of what they have been up to and how they have handled the increase in business, keep reading.
Asia is where we are located. It’s not dumb luck. In real estate, the old mantra is location, location, location. The same goes for container management. Not only are we located in the heart of Asia, we put the containers you own or buy through us into the market that needs it most. At this time, our location and the location of the driving demands of developing world consumers are in Asia. Africa is topping the list as beneficiaries of the next boom and it just so happens that a majority of the cargo that goes to and from the booming continent is manufactured, boxed and shipped from right in our front yard.
Following well behind the jobs that have been ushered into the country is a boom in the economy that brings with it, supplies from all across the world to the millions of people that are pulling themselves up from the depths of poverty they once endured. Containers are the bearers of these fruits of labor and those involved in the container industry are reaping the benefits.
Pirates on the seas, do nothing but drive up the costs of goods and services, cost innocent people their lives, and at the least separate the captive for months of not years from their family members and loved ones.
The inland expansion of China keeps shining through. It’s no more evident than in the shipping and container industry. Week after week, we are seeing reports of increased capacity these ports are handling and in the number of businesses that are picking up and moving in to pick up cheaper labor.
Although Indian consumer demand for larger ticket items like computers has trailed off the past 2 quarters because of high inflation, it doesn’t stop the train that is running full speed through the country that is developing the cities, towns and villages that are in need of basic goods that containers deliver to them.
Outside of Shipping, when you mention Singapore the first thing that comes to many people’s minds is a fruity drink or a tiny little country on the tip of Malaysia, but rest assured there is nothing small about the way they do business. Singapore also sits at number 3 on the wealthiest nations per capita list and they know how to make money.
Sri Lanka is a happening place. Dating back to the 1600′s when the first Portuguese came onto the island, people have known the strength of the countries geographic location. In 2008 a large scale expansion of the Colombo port was started, with a USD1.2billion investment. Now there’s more.
Before the times when we used large container ships to transport computers, cars, and other precious items we could barely live without today, the main route connecting China with Europe and parts of Northern Africa was the Silk Road. What started with silk, spices and teas has now ballooned into the most technologically advanced machinery and gadgets,along with the staple goods that awoke this route of trade with the two continents. Some of these same routes are being used today and the web of commerce that links Asia with the rest of the world is only getting busier.