Another hot year for reefer lessors

Even though the reefer container transport sector did not perform as strongly as its dry freight counterpart, and experienced less price inflation (due to a smaller rise in new equipment costs), it still grew by roughly eight per cent in 2004. This was similar to the global increase returned for 2003. However, unlike 2003, when the demand for leased reefer containers reached an all time high, shipping lines made a proportionally larger purchase of reefer equipment for their owned/financed fleets in 2004 and thereby reduced the need for leasing companies to invest....