CAI targets rail car market

CAI International splashes US$ 1.35b on container acquisition to support strong demand.

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.

Ontario Teachers’ Pension Plan Board has sold an undisclosed number of shares in SeaCube Container Leasing to London-based Wren House Infrastructure Management Limited. The two companies will now operate under a so-called “co-control structure of the leasing company”

It is generally accepted that the global GDP container trade growth multiplier has weakened in recent years, and this has important implications for future growth in overall shipping container demand. At the same time, however, the outlook for specials, such as tank containers and reefers, is determined not just by macro drivers, but by changes in shipping methods.

Dry freight container manufacturers have faced a difficult 2017, with the challenge of switching to waterborne paints coinciding with a sharp upswing in demand.

CARU Containers has sold its stake in CS Leasing to Mass Capital.