Shipping lines are seeing higher cargo volumes and successfully integrating newly built vessels into their fleets, says Textainer’s CEO.
New container prices, new production, lease rates, lease durations and used container prices are all down.
After last year’s historic run-up, factories are producing fewer containers and pricing of new boxes is down.
Despite all-time-high container production, demand continues to outpace supply and new box prices keep rising.
China’s potential monopoly over containers and intermodal chassis is the target of an investigation by FMC Commissioner Carl Bentzel.
Chinese container production still trails torrid demand. Ever Given accident was ‘icing on the cake’ — making box shortfall worse.
The $229 million deal comes as CAI International seeks to focus on its containing leasing business.
Bullish signal: Strong demand for box equipment extends into 2021.
CAI International, one of the world’s largest container lessors, is reviewing strategic alternatives with the help of Centerview Partners.
It’s an income statement of two halves for COSCO Shipping Development, which both leases container ships while also making and leasing ocean shipping boxes. Revenues fell off a cliff. But COSCO Shipping Development was able to protect its bottom line by slashing costs. Profits surged.
Container leasing company Textainer said a traditional peak season did not materialize in 2019.
CAI International Inc. (NYSE: CAI), a leading container-leasing and logistics company, said it had modest year-over-year growth in revenue from continuing operations in the third quarter but that it had […]
The container leasing company Triton International said it had “solid” financial performance in the third quarter despite weak leasing demand since last fall.
SeaCube Container Leasing has rapidly expanded its refrigerated container fleet and is now the third largest lessor of reefers and largest lessor of gensets.
The number of containers is a better bellwether of global trade than the number of container ships.
