“Just as the container shipping industry continues to consolidate, I believe the container leasing industry should as well. With Textainer’s outstanding track record, we felt they were the best choice to manage the Gateway fleet. This is a positive outcome for our customers and suppliers,” said Raphael Che, president and CEO of Gateway.
John Maccarone, president and CEO of Textainer, commented: “In the past 19 years, we have either purchased or assumed management of the container fleets of six other lessors, now including Gateway. We strongly believe that more leasing industry consolidation is justified, and we are actively seeking other opportunities.”
He continued: “Our strategy is to be the most reliable supplier to our shipping line customers of containers in high-demand locations. We do this not only by having the largest lessor-operated container fleet in the world, at 1.5m teu, but also by purchasing more than 1m teu in the past 12 years, and by aggressively repositioning off-lease containers. Increasing our fleet by 28% with the acquisition of the Gateway fleet will help ensure that we have the containers our customers want in the locations they want them.”