Competitive pressures are having an adverse effect on lease rates following a rise in ownership of container equipment by lessors according to a report by Drewry.
The container leasing companies’ expansion has coincided with ocean carriers cutting back on new purchasing and selling older inventory for leaseback.
In 2016, the lease sector expanded by 7% and took 54% of deliveries as shipping lines cut back.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.