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Published: November 2010      

Box depots between a rock and a hard place

Early in 2009, with the worldwide recession at its deepest point, the question WorldCargo News asked about container depots was whether the repair business was a thing of the past.

At that time, empty box inventories had grown to unprecedented levels worldwide, many facilities were closed and depot operators were desperately looking for additional land. Repairing unneeded equipment was the last thing shipping lines, with laid-up vessels and mounting financial problems, could afford, while leasing companies, hunkering down to weather the recessionary storm, placed holds on repair work as utilisation rates dropped well below 90%....


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This complete item is approximately 2000 words in length, and appeared in the November 2010 issue of WorldCargo News, on page 36.

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