Textainer moves for Seaco
NewsIt has emerged that Textainer is in talks to acquire Seaco Global, a deal that would almost certainly raise issues about the level of market concentration in the container leasing industry.
While 2016 was a year to forget, Textainer CEO Philip Brewer hinted the Hanjin crisis may have been the silver lining that forces the container industry to address some of its long-standing issues. For some time now, container manufacturers have been selling boxes at prices at or below cost, and shipping lines have been moving them at a loss.
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