The world’s largest owner and lessor of shipping containers, Triton International, is being taken private by Brookfield Infrastructure Partners in a deal valuing the company at $13.3 billion.
Brookfield Infrastructure (NYSE: BIP) will pay $85 per share for Triton (NYSE: TRTN), a 35% premium to Triton’s closing price on Tuesday. Triton shareholders will receive $68.50 per share in cash, with the remaining $16.50 paid in partial shares of Brookfield stock.
The deal, which Triton announced...
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Never before has the humble ocean shipping container been this important to American business. If you can’t get one, you can’t move your international cargo — and supply has never been tighter. The cost of global trade is now contingent on how many containers exist, where they are and where they aren’t.
How many containers exist is controlled by China. Virtually every ocean shipping container in the world is built there.
Just three Chinese companies account for the majority of production, with...
https://www.freightwaves.com/news/how-three-chinese-companies-cornered-global-container-production
Your cash will pile up as the year goes on. More cash is coming next year. Your debt is already low. What will you do with all of this money you’re raking in?
That question is music to the ears of any public company executive, and was the central focus of Tuesday’s conference call of container-ship lessor Danaos Corp (NYSE: DAC).
Danaos earns money by leasing ships to liner companies, which are now desperate for any vessel they can get their hands on. Charter rates continue to reach new heights....
https://s29755.pcdn.co/news/why-wall-streets-best-performing-shipowner-is-building-a-war-chest
There are still not enough containers in the right places to carry the world’s cargoes. The hope was that Chinese container factories would shift into ultra-high gear — that the industry would build its way out of the equipment crisis.
It hasn’t happened.
In fact, Chinese factories are intentionally not going into their highest gear, according to Tim Page, interim president and CEO of container-equipment lessor CAI International (NYSE: CAI). Instead, they are managing output to keep prices high.
Th...
https://s29755.pcdn.co/news/chinese-factories-wont-build-enough-containers-to-save-us-shippers
Bullish news on container shipping keeps pouring in, implying demand strength through February 2021 — if not longer.
The latest green light comes from container-equipment lessor Triton International. Triton, the largest player in its sector, reported Q3 2020 results Friday and described Q4 2020 demand for equipment as “exceptionally strong.”, reports American Shipper.
Box-Leasing DemandOcean carriers generally lease more than half their boxes from companies like Triton. The carriers’ forward...
https://mfame.guru/bullish-view-on-container-market-to-last-till-2021/
Bullish news on container shipping keeps pouring in, implying demand strength through February 2021 — if not longer.
The latest green light comes from container-equipment lessor Triton International (NYSE: TRTN). Triton, the largest player in its sector, reported Q3 2020 results Friday and described Q4 2020 demand for equipment as “exceptionally strong.”
Ocean carriers generally lease more than half their boxes from companies like Triton. The carriers’ forward visibility on shipper demand drives...
https://s29755.pcdn.co/news/mounting-evidence-that-container-spike-could-last-into-2021
International shippers of fresh fruits, vegetables, seafoods and meats take great pride in the quality and appearance of their products. Similarly, they expect the first thing that arrives at their loading docks by truck, as well as their customers’ location — the refrigerated ocean containers — to look just as fresh.
Food producers undoubtedly become uneasy when loading their products into reefer containers blemished by rusted steel framing, said Steven Blust, president of the Washington-based I...
https://s29755.pcdn.co/news/protecting-reefer-containers-from-premature-wear
