Doing The Right Thing

Having spent time in the container leasing business, we like to keep our fingers on the pulse of that industry both in terms of personal interest as well as our belief that in some respects it may have some importance as an indicator.

We chatted with some of our old informants and learned that not surprisingly the lines have been re-delivering their run of fleet (short-term lease) containers. The reasons are quite simple. These are the most expensive containers in the fleet, as they offer the most flexibility, and they can in fact be re-delivered. With the slowdown, the lines have sufficient capacity in their owned fleet. To minimize off-hire or, at least, be the last guy out, the leasing companies have opted to offer savings now for long-term

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