CIMC Tank makes an acquisition

The Cotac site in Ludwigshafen is the inaugural facility of Multimodal Tank Care GmbH, providing cleaning, repairs, and maintenance.

The industry continues to be dominated on a global level by a relatively small number of major tank container operators and leasing companies.

Reginald Lee, a founding member of the International Tank Container Organisation and its president for more than 13 years, is retiring at the end of the year.

HGK Shipping, which is Europe’s largest inland waterways shipping company, is acquiring the tank container business of Köppen GmbH, which is a leading provider of inland and intermodal transport services for the chemical industry.

The Hamburg-based Hoyer Group, one of the world’s largest operators of tank containers and other equipment for transporting liquids, is to invest over €100M in assets, digitalisation programmes and infrastructure.

Last year was a bumper one for the production of tank containers, but now an oversupply looms.