US container lessor Textainer has acquired the management rights
to the 150,000 strong box fleet of Amficon, the largest container
lessor both owned and operated from the UK, bringing its total
fleet size up to 2.2 million.
The Amficon fleet provided Textainer with a significantly
increased roster of specialised flat rack and open top containers,
allowing the American company to entrench itself in more areas of
the shrinking shipping market.
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Basil Henley, managing director of Amficon and veteran of the
container lease industry since the company’s inception in 1972,
said that Amficon had sought out the deal, and stood to benefit
greatly from economies of scale as a result of partnership with
Textainer, which reportedly has €230 million of liquidity behind
it.
When asked about the possibility of further industry
consolidation, Henley said he was “convinced” that several more
acquisitions were on the cards before the leasing market reached
equilibrium with atrophied shipping routes.
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By GlobalData
