Box leasing ups and downs

It has emerged that Textainer is in talks to acquire Seaco Global, a deal that would almost certainly raise issues about the level of market concentration in the container leasing industry.

K Line wraps up maiden trial of marine B100 biofuel aboard the car carrier Apollon Highway.

This research aims to develop a fire detection system that detects fires earlier and with higher accuracy than existing smoke detectors for vessels.

Kawasaki Kisen Kaisha, Ltd (K Line), which is one of Japan’s largest shipping groups, believes the use of sails on commercial vessels has an important role to play in helping decarbonise the global shipping industry.

Textainer is the latest leasing company to have a new ownership structure following the decision of its management to sell the company to Stonepeak, an alternative investment firm based in New York, in a deal worth US$7.4B.

Shipping lines are returning some containers, but at this point not in numbers that the secondary market cannot absorb; 98% of containers are on fixed rate terms and finance lease contracts.