30 May 2023
Freight News

Box Lines Look to Slash Their Bloated Equipment Pools

Super slow-steaming is taking some of the pressure off ocean carriers as they absorb newbuild ULCVs into existing service loops, but their equipment surpluses are proving to be more of a challenge.Carriers faced with huge storage bills from depots for their mountains of empty container stocks around the world are looking to retire aging owned containers to the second-hand market and return as much equipment as possible back to leasing companies.

But both strategies are taxing the skills of their equipment controllers, as the second-hand market is itself swamped with surplus equipment, while leasing companies enjoy an average for unexpired lease agreements of about five years.

Read more in an article from The Loadstar.

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