November 2, 2011 - It is hard to believe that almost a month has passed since we did our last blog entry on the project. Over the past few weeks we have made significant progress.
Earlier this year there was a glut of shipping containers and Hi-Cube Cargo Containers (Ocean Worthy Quality) were running about $1900 each for units that were just 5-6 years old. A variety of market forces has turned the container business upside down, and for the past 3-4 months, the price of containers has shot up 25-30% and the quality of the units has gone down. I checked with the container company that was so helpful to us in the past (EMS Containers) and talked with both Kevin Smith Jr and Sr. who were both helpful. Unfortunately, their inventory of 7000 units earlier this year was now 1800 units and most of them were being held for their customers.
Luckily, late last year I made contact with Mr. Rob Stangel, the VP of Container-IT in Portland Oregon. Rob had 10 containers available from the Evergreen line that were for sale. The price was $2400 each, and they were on trailers in a storage yard on the East side of Houston. I took a look at the units and sent photos to Kevin Smith who said they were good units at a wholesale price. On Monday November 1, we purchased the units and picked the 10 best on the lot (there were 29 to choose from) for our project.
Unfortunately, on Monday night we had huge rain storm (it had not rained here for 40 days prior), and the container yard got flooded out. We are hoping that on Monday, the boxes will move from the ISO Yard on Liberty St. to the Unlimited Freight Yard nearby. At that time, they will be taken off the trailers, and placed on tilt-bed trucks for delivery to our property on Sawdust Road. It will cost $50/container to move them to Unlimited, and $150 each to get them up to our property.
With some luck, they will begin arriving early in the week of November 11th.
Posted by Vic Cherubini on November 05, 2010
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