Although hard-won improvements in lease and fleet utilisation rates are slipping away, the quick reaction by tank lessors to the downturn in world trade should stand them in good stead in the longer run.
Twelve months ago tank container lessors were patting themselves on the back, having reclaimed two key pieces of high ground to which all leasing companies traditionally aspire. In early 2008, after some five years of continuous struggle, tank lessors had finally managed to get their per diem lease rates for a standard T11 ISO tank container to a halfway respectable US$10-12 and, at the same time, to push their fleet utilisation rates up towards the 90% mark....
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This complete item is approximately 2000 words in length, and appeared in the April 2009 issue of WorldCargo News, on page 42.
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