Hanjin collapse hits Textainer and Triton

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.”

The TAI XING is the first of four newbuilds entering the Chipolbrok fleet.

A preliminary investigation into “gross negligence” is underway in Sweden.

The drought that has affected much of South America for the past two years has again drastically reduced water levels along the Paraguay-Paraná river system.