Singamas’ revenue significantly declines, company focuses on leasing
NewsThe decline in revenue and average selling price was attributed to a slump in demand for dry freight containers in the wake of overproduction in 2021.
Tank builders lower their sights
The output of new tank containers in 2009 will struggle to reach 25% of last year’s volume. What’s more, tank production lines are unlikely to be as busy as they were in 2008 for several years.
Stolt Tank Containers (STC), the world’s largest operator of tank containers, reports that in the first quarter of 2009 its intermodal tank shipments were down by 23.8% compared to the previous quarter. At the same time fleet utilisation fell to 67.8%, from 77.4% in the fourth quarter of 2008 and 80.2% in the third quarter. The net effect of this reduced activity is the removal from service of several thousand of the 25,000 tanks in the STC fleet.
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This complete item is approximately 800 words in length, and appeared in the June 2009 issue of WorldCargo News, on page 23. To access this issue download the PDF here.
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