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Market leading report on the Container Leasing Industry

The leasing industry grew nearly 10% between 2010-11, surpassing the shipping companies who barely managed 6% percent growth for the same period. Drewry Maritime Research's annual Container Leasing Industry report provides an informed independent insight into this changing market.

Researched and written by Andrew Foxcroft, the renowned expert in this field, it contains a wealth of unique data and information on the container leasing industry allowing for better investment and planning.

Key areas of analysis:

• Lease Company rank and file
• Lease structures, rates and financials
• Trends and forecast for the leased and owned fleet
• Detailed leased fleet type and value
• Reefer and Tank Container market

1.  Executive summary
2.  Lease company rank and file
3.  Lease structures, rates and financials
4.  Trends and forecast for the leased and owned fleet
5.  Leased fleet by detailed type and value
6.  Reefer container lease market
7.  Tank container lease market
8.  Terms and definitions

Tables
      •   Development of world container fleet by owner category, 2006-11
      •   Container fleet owned/managed by top leasing companies, end-2011
      •   Container fleet owned/managed by top leasing companies by detailed type, end-2011
      •   Development of container fleet owned/managed by top leasing companies, 
          2006-11 - €˜000 teu
      •   Development of container fleet owned/managed by top leasing companies, 
          2006-11 - €˜000 CEU
      •   Development of container fleet owned/managed by top leasing companies in cost
           terms, 2006-11
      •   Development of newbuild container purchase by top leasing companies for 2007-11
          and first-half 2012
      •   Development of cumulative newbuild container purchase by top leasing companies
      •   Container fleet mergers and acquisitions concluded between leasing (and shipping) 
          companies, 1985-1999
      •   Container fleet mergers and acquisitions concluded between leasing (and shipping)
          companies since 2000
      •   Development of per diem rental rates, ex-factory prices and percentage rental
          return for newbuild dry freight containers placed on LTL
      •   Development of per diem rental rates, ex-factory prices and percentage rental
          return for newbuild dry freight containers placed on MLA
      •   Development of annualised per diem rental rate, percentage utilisation and 
          revenue generated per CEU calculated for total dry freight fleet on operating lease
      •   Development of leased maritime dry freight standard, high cube and special fleets
          by rental agreement type - teu
      •   Development of leased maritime dry freight standard, high-cube and special fleets
          by rental agreement type - % share
      •   Development of leased dry freight, reefer, tank, regional and total fleets by rental
          agreement type - teu
      •   Development of leased dry freight, reefer, tank, regional and total fleets by rental
          agreement type - % share
      •   Calculated depreciated cost for standard dry freight containers assuming linear 6%
          per annum to 15 years, at end-2011
      •   Used standard dry freight container price by original year of build and % of
          ex-factory price, at end-2011
      •   Development of used standard dry freight prices
      •   Calculated average age of world container fleet by owner category
      •   World container fleet by owner category and year of production at end-2011
      •   Development of container fleet on operating lease
      •   Development of container fleet owned by transport operator
      •   Development of world container fleet
      •   Development of original newbuild container purchases by owner category
      •   Development of world container fleet by owner category
      •   Development of world container fleet by operating category and ratio to vessel slot
      •   Development of ocean-borne container deployment, giving split by owner category
          and global container/slot operating ratio
      •   Development of ocean-borne container and vessel slot fleet growth
      •   Development of world container fleet by owner category for 2006-11
      •   Development of container fleet on operating lease by detailed type 2006-11 - teu
      •   Development of container fleet on operating lease by detailed type 2006-11 - CEU
      •   Container fleet on operating lease by detailed type end-2011
      •   Development of newbuild container purchase for operating lease by detailed type
          2007-11 and first-half 2012
      •   Development of newbuild container purchase for operating lease by detailed type
          2007-11 and first-half 2012
      •   Newbuild container purchase for operating lease by detailed type
      •   Development of container fleet share on operating lease by detailed type 2006-11
      •   Development of reefer fleet owned/managed by top leasing companies
      •   Development of reefer fleet on operating lease by size
      •   Development of reefer fleet owned by transport operator by size
      •   Development of world reefer fleet by size
      •   Development of world reefer fleet by owner category
      •   Development of reefer fleet on operating lease
      •   Development of reefer fleet owned by transport operator
      •   Development of world reefer fleet
      •   Development of per diem rental rates, ex-factory prices and percentage rental
          return for newbuild reefer containers placed on LTL
      •   Development of annualised utilisation and end-year resale price calculated for reefer
          fleet on operating lease
      •   Calculated depreciated cost for reefer containers assuming linear 7% per annum to
          13 years, at end-2011
      •   Used reefer container price by original year of build and % of ex-factory price at
          end-2011
      •   World reefer fleet by owner category and year of production at end-2011
      •   Development of reefer fleet on operating lease by refrigerant type
      •   World reefer fleet by owner category and refrigerant type
      •   Development of tank container fleet owned/managed by top leasing companies
          2006-11
      •   Per diem rental rate, ex-factory price and percentage rental return for newbuild
          maritime 20ft tank container on long-term operating lease
      •   Calculated depreciation cost per 20ft tank container assuming linear 5% per annum
          to 20 years and used price by original year of build, at end-2011
      •   World tank container fleet by owner category and year of production at end-2011
      •   Development of tank container fleet on operating lease
      •   Development of tank container fleet owned by transport operator
      •   Development of world tank container fleet

Figures
      •   Development of per diem rental rates and ex-factory prices for newbuild 20ft standard
          container placed on long-term operating lease 2002-13
      •   Development of leased fleet by rental agreement type, 2007-11
      •   Development of container fleet on operating lease, and its global share, 2002-15
      •   Development of annual newbuild container purchases made by leasing companies, 
          and their global share, 2002-15
      •   Container fleet on operating lease by detailed type, end-2011
      •   Container fleet by owner category, end-2011
      •   Container fleet owned/managed by top leasing companies, end-2011 -  teu
      •   Container fleet owned/managed by top leasing companies, end-2011 -  CEU
      •   Cumulative container purchases by top leasing companies, 2007-11
      •   Container fleet quantities merged or acquired by leasing (and shipping) companies,
          1985-2011
      •   Development of per diem rental rates and ex-factory prices for newbuild 20ft standard
          container placed on long-term operating lease, 2002-13
      •   Development of annualised per diem rental rate and utilisation rates for total dry freight
          fleet on operating lease, 2000-11
      •   Comparison of leased maritime dry freight fleet by rental agreement type, end-2006
          and end-2011
      •   Comparison of total leased fleet by rental agreement type, end-2006 and end-2011
      •   Development of ex-factory and resale prices for 20ft standard container, 2002-11
      •   Development of ex-factory and resale prices for 40ft standard container, 2002-11
      •   Development of world container fleet by owner category, 2002-15
      •   Development of original newbuild container purchases by owner category, 2002-15
      •   Development of container disposals by owner category, 2002-15
      •   World container fleet by operating category end-2011
      •   Development of ocean-borne container deployment, giving split by owner category
          and world container/slot operating ratio, 2002-15
      •   Development of container fleet on operating lease, 2007-11
      •   Development of container fleet owned by transport operator, 2007-11
      •   Container fleet on operating lease by detailed type, end-2011
      •   Newbuild containers purchased for operating lease by detailed type, 2011
      •   Comparison of container fleet share on operating lease by detailed type, end-2006 
          and end-2011
      •   Reefer fleet owned/managed by top leasing companies, end-2011
      •   Development of world reefer fleet by owner category, 2002-15
      •   Development of original newbuild reefer purchases by owner category, 2002-15
      •   Development of per diem rental rates and ex-factory prices for newbuild 40ft 
          high-cube reefer container placed on long-term operating lease, 2002-13
      •   Development of ex-factory and resale prices for 40ft high-cube reefer container,
          2002-11
      •   Leased reefer fleet by rental agreement type at end-2011
      •   Tank container fleet owned/managed by top leasing companies at end-2011
      •   Development of per diem rental rates and ex-factory prices for newbuild 20ft maritime
          tank container placed on long-term operating lease, 2002-13
      •   Leased tank container fleet* by rental agreement type at end-2011
      •   Development of world tank container fleet* by owner category, 2002-15
      •   Development of original newbuild tank container* purchases by owner category, 
          2002-15

The Container Leasing Industry 2012/13 is one of Drewry Maritime Research's annual reports, providing a complete review of the industry whilst also presenting detailed forecasts for key metrics.    

A global study of this nature is a unique tool that enables you to quickly assess current and future developments with confidence. No other source of information enables you to drill down into specific market attributes with such ease.

Drewry Maritime Research's annual series of reports provide the type of data, analysis and informed comment you need for decision making.  Independent in thought they are valued by the many leading organisations that use them on a regular basis.

This report includes chapters on:

Lease company rank and file

The 10 largest leasing companies remain in control of a stable 87.5% of the rental fleet. Around 55% is held by the four biggest names. Rankings provide key indicators for investment. Drewry's Container Leasing 2012 provides thorough rankings of leasing companies, including in the following key areas:

• Container fleet owned/managed by top leasing companies by detailed type(CEU, Cost, TEU, Type,)
• Development of container fleet owned/managed by top leasing companies (CEU, Cost, TEU, Type,)
• Development, and cumulative development,  of newbuild container purchase by top leasing companies - 2002 to first half 2012
• Container fleet mergers and acquisitions concluded between leasing (and shipping) companies - 1985-2012

Lease structures, rates and financials

A key measure of a container rental company's performance is the investment return generated from leasing out new equipment but to fully understand the drivers of this there must be an appreciation for a wider set of indicators.  Drewry explores these and provides you with a robust analysis covering lease structures, rental rates and investment performance.

This section has extensive analysis on:

• Analysis covers both  Long-term lease (LTL) and  Master lease agreement (MLA)
• Development of rental rates, factory prices and rental return for dry freight containers 2000-2011 with forecasts to 2013.
• Development of leased dry freight, tank, regional and total fleet 2006-2011
• Depreciation cost and used container resale values 1996-2011

Trends and forecast for the leased and owned fleet

The world's operationally leased container fleet grew robustly during 2010-2011 when it increased at a compounded rate of 9.5%, with the biggest increase of 10.5% occurring during 2011. Having assessed this recent growth Drewry continues by providing fleet forecasts up to 2015.

Included in this chapter:

• Development and forecast of world container fleet and container purchasing by owner type  2000-2015
• Container disposals by owner category 2002-2015
• Development and forecast of  ocean-borne container deployment 2002-2015 (including container/slot ratio)

Detailed leased fleet type and value

The world"˜s rental container fleet is currently 13,335,000 TEU fleet, with growth set to continue. The rental container fleet grew by 20% in TEU terms during 2010-2011, but nearer 40% in terms of its replacement cost after a substantial rise in new dry freight pricing. The Container Leasing Industry report provides a thorough break down of the fleet, including important data on:

• Development of world container fleet by owner category  2006-2011 (CEU, Cost TEU, Unit)
• Development of container fleet on operating lease by detailed type 2006-2011 in 24 unique categories in 6 different classes both Regional and Maritime. (CEU, Cost TEU, Unit)
• Development of newbuild container purchase for operating lease by detailed type 2007-2011and first-half 2012 (CEU, Cost TEU, Unit)
• Development of container fleet share on operating lease by detailed type 2006-2011 (% in TEU terms)

Reefer and Tank Container market

The reefer fleet grew almost 16% added in 2010 and 22% during 2011. The global tank fleet has grown at a relatively modest (5%) annual rate during the past decade, with the leased component increasing broadly in step.

This report provides dedicated market specific analysis for both the Reefer and Tank Container markets in individual chapters. These chapters contain key information on:

• Development and forecast of fleet owned/managed by top leasing companies,  operating lease, owner category and transport operator from 2000-2015
• Development of per diem and annual rental rates, ex-factory prices and percentage rental return , calculated depreciated, used container price, and resale price (1997-2011)