TAL under new ownership

Global reefer production fell sharply last year, and has yet to show any real signs of picking up Again.

The box leasing sector saw fleet growth stalled by weaker demand and record disposals in 2016, with the demise of Hanjin Shipping a further setback.

The reefer box industry may have underperformed in 2016, but rental demand held up reasonably well.

Dry freight container builders are facing further difficulties this year, with production having declined to a seven-year low and finished prices remaining weak.

Triton Container International Limited and TAL International Group are reaching the finish line on their “merger of equals”, which will create the world’s largest container leasing company.

The global box leasing industry suffered a significant setback during 2015, when it purchased proportionally fewer new dry freight containers than at any time since 2009.