Container Funding – What’s Going On?

I am working on another CI commission – the funding of containers. I am looking through the latest financial results for some of the big container lessors; Textainer, TAL International, CAI International and Seacastle (Seacube). These results are such a contrast to the liner companies most of whom are making losses. Indeed, I would go so far as to say the container lessors are doing very well. Digging a little deeper I can see the capex so far this year among the above four companies is already over $2.0 billion. This is not only new boxes, but containers bought from the liner companies.

There is a good story here. Why are the container lessors buying so many new boxes in a flat market? How are they funding this when bank debt is so tight?

If you work in the container management of a lessor or are involved in the funding of boxes, and have something to say on background or for the article, then drop me a line.


About Craig Jallal
A shipping analyst whose feels the need to comment on the industry.

5 Responses to Container Funding – What’s Going On?

  1. Dale Wainwright says:

    Hello Craig, Might be worth talking to Michael Webber at Wells Fargo in the US. He seems fairly up to speed on the sector last time I spoke to him. Cheers Dale

  2. numa says:

    your work is interesting and I’ll be happy to read more comments. Have you heard about the last hugest french container ship in the world ! Actually, I’m looking for people interesrted in research on container. Universities for instance, especially in Europe (Germany).
    Thanks all.

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