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...
Dry freight shipping container prices have skyrocketed in a year to reach record highs, but will decrease in the next years, according to Drewry’s newly released Containers Census & Leasing Annual Review and Forecast 2021/22 study.
Dry box newbuild prices rebounded significantly in 2020, rising 75% year-on-year to their highest threshold since 2011 by the fourth quarter. Then, in Q2 of this year, 40ft high cube containers surpassed the US$6,500 mark, more than tripling in value over last year to...
https://container-news.com/container-equipment-costs-twice-the-price-in-the-span-of-one-year/
When will the container capacity crunch finally ease? For an early indicator, keep an eye on production of the humble 40-foot dry cargo box. If the volume and cost of new containers pull back, supply chain pressures are abating.
Unfortunately for beleaguered cargo shippers, these bellwethers now imply the opposite: that the scramble for container capacity is growing even more intense.
New container prices still rising
On Tuesday, the world’s largest container-equipment leasing company, Triton...
https://www.freightwaves.com/news/containers-are-being-built-at-a-record-pace-its-still-not-enough
The Panama Canal’s locks that are allotted for Neo-Panamax ships have been increased to allow the transit of vessels with LOAs of 370.33 metres and draughts of 15.2 ..
Triton International Ltd. (NYSE: TRTN) has launched special edition refrigerated containers as intermodal billboards to support the work of Doctors Without Borders/Médecins Sans Frontières (MSF).
Triton is asking anyone who spots the special containers on ships, trucks, railways or docks to snap photos and post them with the hashtag #Triton4MSF to LinkedIn, Facebook, Twitter or Instagram. Triton will donate $100 to MSF for every original photo posted and tagged up to a maximum of $50,000 per...
https://s29755.pcdn.co/news/triton-aids-doctors-without-borders-with-branded-reefer-containers
There is always value in viewing any sector through the prism of some of its chief suppliers. In the case of the ocean freight industry this means the container leasing sub-sector, which comprises a handful of firms – a grand total of 13 in fact – that collectively control around 50% of the world’s container fleet.
Value, what value?
Three of the largest – Triton, Textainer and CAI International (see Tab.1) – …
The post Supply chain radar: Triton, Textainer & CAI International – A balancing act…...
For the first time in a decade, the world container fleet is likely to be getting smaller, in the fallout from the coronavirus pandemic.
New research from Drewry Maritime Advisors suggests that, despite warnings from freight service providers that global maritime supply chains are likely to come under increasing pressure due to a shortage of equipment, it appears Chinese box manufacturers have substantially cut production to maintain prices.
According to Drewry, global …
The post Chinese...
The largest vessel in dimension and container cargo capacity ever to pass through the Panama Canal is headed for the Port of New York and New Jersey, arriving on May 30. The Neopanamax container ship Triton, built in 2015, has a TEU capacity of 14,424, a 20-row beam of 51.2 meters (168 feet), and is 369 meters (1,211 feet) in length.
The Triton is the first ship of this dimension to travel through the Panama Canal since the canal was expanded in 2016. In June of 2018, after more than two years...
A new record of containers shipped on a vessel transiting the Panama Canal since the expanded locks were opened in June 2016 was set on Wednesday, May 15.
The container ship Triton from the Evergreen shipping company established the record of total TEUs (20 feet containers) allowed in the Panama Canal, with 15,313. The ship measures 51.2 meters of beam and 369 meters length and transited from the Pacific Ocean to the Atlantic Ocean.
“We are excited about the opportunities provided by the Triton...
https://container-news.com/panamal-canal-welcomes-largest-ever-boxship/
The 369-meter-long Triton has set a new record in size and container cargo capacity in the Panama Canal.
https://worldmaritimenews.com/archives/276907/panama-canal-hosts-its-biggest-containership-to-date/