News / Box lessor Textainer sinks into the red, but insists it can 'turn the corner'

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Textainer, the world’s largest container leasing company, posted a $56m net loss in 2016, following a $110m profit the previous year, but remains positive.

The box lessor, which has a fleet of some 3.1m teu, said there were “a number of positive trends” that should help it “turn the corner”.

It said new container prices were about 70% higher than the low point of last July, the value of used containers had increased 15-25% since September and rental rates had “more than doubled” in the same ...