Tank container fleet grows 7.3% in 2021
NewsITCO says 2021 saw a “significant recovery in the market, with a high demand for equipment both by operators and lessors.”
Tank lessors make the best of tough conditions
Although the near record output of tanks in 2012 coincided with stuttering economies and faltering business activity, tank lessors now have the inventory to push into emerging and niche markets.
Last year was always going to be a challenging one for tank container leasing companies. Slowing global economic activity and the ongoing financial crisis in Europe negatively impacted forecast growth opportunities and the resultant very competitive market environment for the tank industry was not helped by a near record output of new tanks in 2012. The leasing sector was left with an oversupply of equipment which, in turn, put downward pressure on fleet utilisation rates and margins.
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This complete item is approximately 2000 words in length, and appeared in the April 2013 issue of WorldCargo News, on page 45. To access this issue download the PDF here.
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