In the container leasing market, scale is king. As discussed in
this month’s Leasing Life, the largest box fleets dictate
conditions for the rest of the market through their pricing, and
one lessor is growing to dwarf its competitors.
The enormous Textainer now operates nearly 10 percent of the
world’s 25 million TEUs (22ft Equivalent Units, used as a
standardised measure of fleets, which may comprise many different
actual box sizes), and is getting on for twice the size of its
nearest competitors.
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After picking up management rights to British Amficon’s fleet
earlier this year, CEO John Maccarone now says that his San
Francisco based behemoth is ready to swallow up several more
fleets, reports Reuters.
“There are three or four companies out there that could be
acquisition targets in the not-too-distant future,” said Maccarone,
“and we should see some purchase/leaseback deals within the next
couple of months.”
“The $350 million that we have in available credit is more than
adequate to take advantage of those opportunities and pay a nice
dividend,” he commented.
Fred Crawley
