Tank container fleet grows 7.3% in 2021
NewsITCO says 2021 saw a “significant recovery in the market, with a high demand for equipment both by operators and lessors.”
Depressed tank market hits Stolt
Pricing competition, weak utilisation and empty repositioning costs in the tank container sector all had a negative impact on the first quarter results for the Stolt-Nielsen Transportation Group (SNTG).
Although tank container shipments were up 10 per cent from the comparable quarter a year ago, the current parlous market helped drive down income from tank container operations for the first quarter of 2001 to US$2.7 mill from US$4.9 mill in the first quarter of 2000.
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