Arrival of new box ships and fewer blank sailings should ease port congestion
Port congestion should ease as new vessel capacity comes in and Red Sea diversions become ...
US-based container lessor CAI International is to invest $1.35bn on 700,000 new containers, anticipating rising demand due to the shortage resulting from the Red Sea crisis.
The funds will come from CAI’s owner, Japanese financier Mitsubishi HC Capital, and the new containers equate to 20% of CAI’s current inventory. And 10% will be reefers.
A spokesperson for Mitsubishi HC told The Loadstar: “We’re investing in new containers mainly due to the increased demand from the tension ...
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