News / Rising demand and slow steaming a win-win for container lessors

© Chuyu

Container leasing companies reported a slowdown in the return of boxes by ocean carrier customers in the second quarter, and say they are optimistic of a recovery in demand for equipment in the second half of the year.

Furthermore, the lessors stand to benefit from the 1.2m teu of newbuild tonnage stemmed for delivery before the end of the year, necessitating super-slow steaming, longer turnarounds for containers and a consequential requirement for upgrades in carrier equipment fleets.

Collectively, ocean carriers lease around ...