Textainer results back in the black

Textainer is the latest leasing company to have a new ownership structure following the decision of its management to sell the company to Stonepeak, an alternative investment firm based in New York, in a deal worth US$7.4B.

Shipping lines are returning some containers, but at this point not in numbers that the secondary market cannot absorb; 98% of containers are on fixed rate terms and finance lease contracts.

As demand for new containers starts to fall Textainer says its performance in Q2 “demonstrates the resilience of our business model in the current environment.”

ConFoot Ltd has developed a version of its container legs with integrated scales for weighing containers.

ContainerWeight claims to have mapped the tare weights of 99% of the global fleet of shipping containers.

Adding the container fleet of Hyundai Merchant Marine, the BoxTech database now exceeds 11M containers.