DEWERY EXPECTS CONSOLIDATION IN CONTAINER LEASING

DEWERY EXPECTS CONSOLIDATION IN CONTAINER LEASING    While leased containers account for almost 50 percent of the shipping industry’s equipment needs, merely 10 lessors control 90 percent of the lease market, according to a report from Drewry Shipping Consultants Ltd. in London.
   Smaller lessors are going to have to be 'lean-burn' companies to survive pressures to consolidate. High-cube units “have more universal appeal in the industry at large,” a Drewry spokesman told AS+. The report noted that long-term leases for containers are increasing as master leases decline.
   Master leases, saddled with service costs, increasingly apply to used rather than new units, the report said.
   For more information, contact www.drewry.co.uk.