Container Funding – What’s Going On?
November 23, 2012 5 Comments
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.