textainer Archives - Maritime Shipping News

Supply chain signals: New container prices and production finally peak

15 February 2022

For a telling window on the global supply chain crisis, watch the market for the containers themselves: the commoditized, corrugated steel boxes that move the world’s cargo.

The extremely consolidated container manufacturing industry in China built more containers than ever before in 2021: 7.18 million twenty-foot equivalent units, according to consultancy Drewry, up 130% from 2020 and 62% from the previous record year in 2018.

Record container production coincided with a record surge in prices,...

https://www.freightwaves.com/news/supply-chain-signals-new-container-production-and-pricing-finally-peak

Shipping’s extreme consolidation could prolong supply chain pain

10 November 2021

U.S. policymakers have never been more focused on global container shipping than they are today. Yet the “steel” of this industry — the ships and the containers — is outside of U.S. control, consolidated into the hands of an extremely small circle of non-U.S. companies that continue to bolster their market shares. The big keep getting bigger.

Olivier Ghesquiere, CEO of container-equipment lessor Textainer (NYSE: TGH), summed up the situation during his company’s quarterly conference call.

“The...

https://www.freightwaves.com/news/shippings-extreme-consolidation-could-prolong-supply-chain-pain

How supply chain chaos and sky-high costs could last until 2023

4 October 2021

Supply chain woes and port congestion are now getting attention at the central-bank level, given their effects on inflation. Federal Reserve Chairman Jerome Powell recently lamented, “It is frustrating to see the bottlenecks and supply chain problems not getting better. In fact … [they are] apparently getting worse.”

Powell foresees supply chain woes “continuing into next year, probably, and holding up inflation longer than we thought.”

But could shipping logjams last even longer, into 2023,...

https://www.freightwaves.com/news/how-supply-chain-chaos-and-sky-high-costs-could-last-until-2023

No relief: Global container shortage likely to last until 2022

30 April 2021

The world simply does not have enough containers to handle cargo demand. It’s a conundrum that has persisted for so long that the mainstream press is finally covering it.

The New York Times reported Friday how the box shortfall is contributing to inflation: “Demand … has outstripped the availability of containers,” while the U.S. pandemic situation has eased to the point where retailers can pass along higher transport costs to consumers without being accused of price gouging — and “the cost of...

https://s29755.pcdn.co/news/no-relief-global-container-shortage-likely-to-last-until-2022

Chinese factories won’t build enough containers to save US shippers

18 February 2021

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

Liner capacity control and the future of container shipping

15 December 2020

The world’s container liner business is now so consolidated that it can deftly match vessel capacity to cargo demand. This change — courtesy of mergers and alliances — is structural, not cyclical. If there’s a single thesis for container shipping in 2020, that is it.

Assuming it’s true, there could be major future implications for the cargo shippers, yards, box-equipment owners and ship lessors who do business with liners.

If liners can indefinitely calibrate capacity to cargo demand, the future...

https://s29755.pcdn.co/news/liner-capacity-control-and-the-future-of-container-shipping

Maersk Container Industry secures Dole’s reefer mega order

15 December 2020

Dole Food Company has ordered 500 energy-efficient Star Cool reefer units from Maersk Container Industry (MCI), which, in co-operation with the leasing company Textainer, is expected to deliver the boxes in January 2021.

The units will be enhanced with Star Cool’s smart fresh air control system AV+, a solution that reduces energy consumption. Star Cool units can control the speed of the reefer compressor to match the specific cooling demands of the cargo and therefore perform at the highest...

https://container-news.com/maersk-container-industry-secures-doles-reefer-mega-order/

Mounting evidence that container spike could last into 2021

25 October 2020

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

Lombardi becomes Institute of International Container Lessors president

19 October 2020

The Washington-based Institute of International Container Lessors (IICL) has appointed Dennis Lombardi to president, effective Jan. 1.

Lombardi will take over from Steven Blust, who will be retiring as president but will stay on at the IICL as a senior adviser.

Prior to this appointment, Lombardi operated his own consulting firm, Lusoco Consulting, and worked with Global Logistics Development Partners as an associate advising on maritime logistics.

https://www.freightwaves.com/news/lombardi-becomes-institute-of-international-container-lessors-president

Chinese container factories are now sold out until February

24 September 2020

Watch the containers to see which way the economic winds will blow. How many are ordered, for when and for how much. And if you do, you’ll see that box demand is strong — not just through year-end, but into 2021.

Three of the largest container-equipment lessors — Triton (NYSE: TRTN), Textainer (NYSE: TGH) and CAI International (CAI) — conducted virtual presentations for institutional investors over the past week, hosted by Keefe, Bruyette & Woods (KBW). Notes on those presentations provided to...

https://www.freightwaves.com/news/chinese-container-factories-sold-out-until-february

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