What the global sea container rental market expects
# Expert Advice Section
Companies specializing in the rental of sea containers report a slowdown in the second quarter of the return of containers by customers of sea carriers and predict a recovery in demand for containers in the second half of the year, reports The Loadstar.
According to the publication, lessors of container equipment should benefit from the delivery of new container ships with a total capacity of 1.2 million TEU by the end of the year, which will require a reduction in speed on services, and, as a result, increase the turnover time of containers.
According to The Loadstar, in total, sea carriers lease about 50 out of 54 million containers of the global fleet, which they use on trade routes around the world. Therefore, landlords are heavily dependent on changes in supply and demand.
The two largest lessors of container equipment, Triton and Textainer, whose total market share is 41%, are generally optimistic about the prospects for the second half of the year.