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Shipping companies to add more containers

Shipping companies get boost, add more containers to fleets in 2011

September 14, 2011

Shipping companies are adding more containers to their fleets this year, according to the head of the world’s largest box-leasing company.

At a shipping conference in New York this week, John Maccarone, President and CEO of Textainer Group Holdings, said he expected shipping companies to add about 3.5 million containers to the world fleet this year compared with 2.4 million in 2010. 

He said the supply of containers had more or less matched demand this year, which was partly because shipping lines had been holding on to boxes longer than they had done in the past.   

Maccarone said: “Eventually, as these older containers begin to cost them a lot more in maintenance and repair, we will see a fleet renewal programme

Read the full article on IFW - Freight and Logistics News