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.
Hanjin boxes pile up
Leasing companies looking for unreturned containers leased to bankrupt Hanjin Shipping might want to pay a visit to rural properties in Ontario, California – a town in southwestern San Bernardino County.
This month the City of Ontario, California filed law suits against four different property owners that have been using their rural properties to store hundreds of Hanjin containers, in breach of zoning restrictions on the agricultural lands.
Pictures in local media show a large number of the containers are owned by Textainer, which had the largest exposure to Hanjin Shipping of the leasing companies, with approximately 114,000 containers with the shipping line.
By November 2016 Textainer had recovered or approved for recovery just 41% of its fleet, and was “actively negotiating” the release of an additional 26% of the containers.
You just read one of our articles for free
To continue reading, subscribe to WorldCargo News
By subscribing you will have:
- Access to all regular and exclusive content
- Discount on selected events
- Full access to the entire digital archive
- 10x per year Digital Magazine