Container leasing business going strong
This article from eCargonewsAsia outlines a number of reasons why container leasing is a growing business and an attractive option for carriers:
Related Posts:*The traditional “peak shipping” season continues the trend to be spread out through the year, keeping container demand constant and stable. This has softened the old trade seasonal “peaks and valleys” that would result in periodic container surpluses in major ports.
* Growth in the transpacific trades from Asia to North and South America continues at five to six percent per annum, adding to new container demand
* Rising steel prices and other factors have driven up the prices for new containers. This has lead many carriers to look to the leasing market for their equipment requirements rather than purchase.* An on-going trend for new leases to be written for longer terms. This has also contributed to higher utilisation rates.
* Increased all-water services from Asia to the US East Coast and Gulf has tempered congestion at West Coast ports and reduced container surpluses at inland intermodal hubs. This has also contributed to better utilisation rates.
Ankit Shah on Wed, 9th Jun 2010 3:21 am
It would very great if you could email me any updates on Container Leasing Business