When you search for container leasing companies, you get hit with a tonne of results. It can be difficult to figure out which companies suit your needs the best and who has the best prices. Here’s a list of the top 10 leasing companies worldwide – and get yourself the full overview of how much it should cost you to lease containers.
The container leasing market has matured rapidly over the past years. That also means, that there only are 13 global container leasing companies of substance left. From a service-oriented small-scale industry, it’s become quite a global battlefield.
Instead of having to contact each of these leasing companies to get quotes, imagine if you could find the leasing companies gathered on one platform, being able to see their pricing. Wouldn’t that save you a lot of time, frustration, and money?
Container leasing companies on one platform
At least, that’s the reason why we at Container xChange created our online leasing platform. It works just like a grocery store. But instead of walking between foods from all over the world, there are containers on all the shelves. In particular one-way containers. So, if you need containers one way – from, for instance, Los Angeles to Shanghai, or other stretches – you can lease one-way containers from more than 600 shipping companies worldwide on xChange.
And just like in a store, you can see all the prices of the different containers, making sure that you get the best price possible.
Want to see exactly how much it costs to lease a container through the online platform of Container xChange?
Try our free search function below. All you have to do is click the ‘I want to use’ button and fill out where you want to pick-up a container and drop it off. Instantly you’ll see a list of containers that can help you move your goods right from where you are.
Advantages of container leasing companies
Let’s give you a bit more background on this global container leasing business before we get to our top 10 leasing companies.
Container leasing companies lease shipping containers or manage fleets for investors. Their operations include acquisitions, leasing, re-leasing, and sale of intermodal containers. As well as buy and sell activities. Container leasing companies own approximately 52 percent of the global equipment pool. And in 2019 the container leasing market size reached $ 5,150 million. A size that’s expected to grow to $ 6,100 million by 2024.
If you’re considering leasing your containers, there are many advantages. Container leasing increases your flexibility, saves storage fees, and avoids maintenance costs. In 2017, container lessors were the best-performing industry for all transports. Where Triton, Textainer, and CAI stood out with a growth of around 200% compared to 2016. In effect outperforming every other transport company.
Types of container leasing agreements
Before you start reaching out to the container leasing companies, you need to know what type of leasing agreement you’re looking for.
Regardless of the lease agreements, there are standard obligations you’ll have to fulfill. One of these obligations is returning the boxes – that you basically “borrowed” – in the same condition (more or less) as you got them in. Usually, the leasing company covers wear and tear to an extent, such as replacing stickers.
All leasing agreements are different. That means, that the conditions will be too as they depend on many factors. So, let’s go over a quick overview of the basic types of lease agreements.
|Agreement||Duration||Maintenance and Repair||Drop-off Location|
|Master Lease||variable||Leasing Company||restrictive|
|Long-Term Lease||5-8 years||Lessee||super restrictive|
|Short-Term Lease||greater than 6 months||Lessee||super restrictive|
|One-way lease||variable||Lessee||shipper’s desire|
Master lease agreements provide the most flexibility. But naturally, it comes at a higher price. Some perks include a long list of pick-up and drop-off locations from which you can mix and match. By storing containers at the lessor’s depot, you save money on storage fees. While you still have those hefty fines for drop-offs in disallowed locations, your options are much more numerous.
As opposed to the container quantity and rental rates, those fines are flexible under a master lease. Thus, your container demand forecast doesn’t necessarily have to be spot on. Carriers that require very large fleets and unpredictable demand usually enter into this type of leasing contract. As an added benefit of the higher cost, the leasing companies take the burden of repair, maintenance, and repositioning.
Far less flexible than the master lease is the long-term lease. The favorite amongst leasing companies. Here, a contract is agreed upon for a fixed amount of time. So is a predetermined quantity of containers and a delivery schedule. A contract, that leaves the leasing company with little to do once the containers are signed over.
The lessee bears the costs of repair, maintenance, and repositioning. Though term definitions vary, most leasing companies define long-term leases as between 5 and 8 years. Containers are usually brand new and many long-term lease agreements come with a negotiable clause. This clause allows rental rates to be negotiated after a few years in light of depreciation and market volatility.
We can relate this to a “rent-to-own” concept. This comes in different options. One way is a standard rental rate and a balloon payment at the end. Another is a higher rental rate that accrues the final purchase price.
Naturally, the total amount of money spent on this option is greater than flat-out buying containers. But it’s an option you may take when you don’t have the cash on hand. Another downside is that if you don’t pay within the terms, you could lose the right to buy the containers. For smaller-sized companies, operations, and projects, this lease agreement might not be ideal.
Short-term container leasing is usually charged at higher rental rates. Similar to hiring a car, it’s great for turnaround trips. One setback here, other than the higher cost, is the minimum time you must comply with to use the containers. Oftentimes leasing companies don’t want to lease out containers for less than 6 months.
We’ve briefly mentioned one-way leasing at the beginning of this blog post. With one-way leasing, container users lease the shipping containers for that one journey. That’s it.
In this kind of lease agreement, you discuss the pick-up charges. They depend on the container availability in your locations. Another is the free days. The free days determine how long you can use the containers for free before you pay per diem charges. When leasing one-ways you usually pay very little per diem and have more free days.
Leasing companies such as Triton and Seaco offer one-way leasing together with more than 600 other leasing and shipping companies on xChange. Want to see what’s made these big leasing companies become members of our platform? Click on the banner below, and schedule a talk with our team. They’ll be happy to show you the platform in action.
Top 10 Container Leasing Companies
|2||Florens Container Leasing|
|8||Touax Container Solutions|
|9||Blue Sky Intermodal|
… ranked in order of TEU capacity of their fleet as of December 2014. Including consolidated data to reflect the merger of Triton Container and TAL International in 2016. As well as HNA’s acquisition of Seaco and Cronos in 2015. The numbers might have slightly changed. However, the list of top 10 container leasing companies stayed the same until now.
1. TRITON International
Triton International is the largest lessor of intermodal containers with headquarters on the Bermuda Islands. They had revenue of $1.46bn in 2018. Triton has a fleet capacity of more than 6.0 million TEUs. They operate an extensive global infrastructure with 23 offices in 16 countries. Giving them the means to have the lowest cost ratios in the industry.
From Dry Containers, Reefers, Flat Racks and Open Tops to Chassis and container equipment Triton offers almost everything. Triton offers access to more than 400 container depots across 45 countries worldwide. They claim they are at pole-position with each of the top five carriers. Apart from their core business, they support Doctors without Borders and many different local activities.
Founder: Edward Schneider
Year founded: 1980
Headquarters: Hamilton, Bermuda
Triton in the press:
2. Florens Container Leasing
With more than 30 years in the container industry, Florens operates a fleet of 3.7 million TEUs. They have a large variety of dry, refrigerated and special equipment. With headquarters in Hong Kong, they serve a network of offices in America, Europe and Asia with 160 employees. Florens is a wholly-owned subsidiary of COSCO and has a utilization rate of 98,8%. All top 30 shipping lines are their clients with Maersk having the biggest share followed by MSC and COSCO.
Year founded: 1987
Headquarters: Hong Kong
Florens in the press:
3. Textainer Group
Operating since 1979, Textainer is one of the largest container leasing companies. The company has its headquarters on the Bermuda Islands. And they have more than 3.0 million TEUs in their own and managed fleet. 174 employees work in 14 offices around the world with access to 500 depots covering all time zones. As well as revenue of $660.75 million.
Their main business includes standard, specialized and refrigerated containers as well as tank containers and the largest resale unit. They purchase more than 140,000 units per year and work with most of the biggest shipping lines. In addition to their main activities, they’re a proud partner of the U.S. Military. They manage intermodal equipment for peacetime, disaster, and humanitarian operations globally.
CEO: Olivier Ghesquiere
Year founded: 1979
Headquarters: Hamilton, Bermuda
Textainer in the press:
4. Seaco Global
Now part of the HNA Group, Seaco has one of the largest fleets of standard and specialized shipping containers in the world. They run operations with 23 sales and support offices, serving over 750 customers. As well as being supported by an independent depot network in more than 175 port locations worldwide. Seaco is owned by HNA. HNA planned to sell the container lessor for more than $1 billion according to Bloomberg but for now, the business stays with HNA. Their revenue is estimated to be $732.39 million in 2018. Seaco supports diversity projects to relieve poverty, improve health, and advance education around the globe.
CEO: Jeremy Matthew
Year founded: 1998
Seaco in the press:
5. Seacube Containers
Seacube Container Leasing is the global leader in refrigerated equipment. It has its headquarters in the United States with offices in Europe, America, and Asia. Seacube buys, sells, manages, and leases intermodal shipping containers and owns approximately 1.2 million TEUs. You can find their depot list here. Founded in 2012 they raised $95 million during their IPO and now Seacube has a market share of around 6%.
CEO: Robert Sappio
Year founded: 2010
Headquarters: New Jersey, USA
Seacube in the press:
6. CAI International
Founded in 1989 in San Francisco, CAI International is a one-stop solution for transportation needs. They cover intermodal containers for every transport mode. Container Applications International (CAI) owns 1.5 million standard and special containers around the world. They offer leasing, equipment, and container sales to their customers with a focus on North America. The company has more than 100 employees.
CEO: Hiromitsu Ogawa
Year founded: 1989
Headquarters: San Francisco Bay Area, USA
CAI International in the press:
7. Beacon Intermodal
With headquarters in Boston, Massachusetts this firm was founded in 2008. Beacon Intermodal Leasing is part of Mitsubishi UFJ Lease & Finance. More than 60 employees in 11 offices manage a container fleet of 1.3 million TEUs in more than 180 port locations worldwide. Beacon Intermodal is a full-service leasing company offering services that include leasing, resale and asset management to its customers.
CEO: Katherine Mccabe
Year founded: 2008
Headquarters: Massachusetts, USA
Beacon Intermodal in the press:
8. Touax Container Solutions
With a focus on Europe, Touax Container Solutions has a fleet of 650,000 TEUs and a global market share of 3.8%. Being part of the TOUAX Group, they offer standard and special containers for sale or lease.
Year founded: 1975
Headquarters: Paris, France
Touax in the press:
9. Blue Sky Intermodal
Blue Sky Intermodal is a container leasing company with headquarters in the UK. They provide containers and equipment on operating and finance leases to the container industry. They also sell new and used containers globally for use in secondary and domestic markets.
MD: Geoff Mornard
Headquarters: Buckinghamshire, UK
Blue Sky Intermodal in the press:
10. CARU Containers
CARU Containers trade and lease new and used shipping containers across the globe. They operate from 8 offices and is headquartered in the Netherlands. CARU was born in 2000 from a merger between CATU Rotterdam Tade Craft and Lease Craft. Caru makes buying and leasing containers a pleasure through their simple and transparent approach in their online shop.
CEO: Rob Tromp
Year founded: 2000
Headquarters: Rotterdam, South Holland
Caru Containers in the press:
Container leasing done differently
Now that you’ve looked through the top ten container leasing companies, you might have decided that container leasing is the right move for you. Container leasing frees up capital and increases your operational flexibility compared to owning equipment. But long-term leasing isn’t your only option. There’s another alternative: one-way container moves. With one-way containers, you also save money on demurrage and detention charges, because of the higher number of free days and low per diem fees.
It’s basically a short-term lease agreement between you as a container user and an owner. You’d pick up the container and move it to the agreed destination. Then you return the equipment to your partner’s depot. That’s it. After that, you don’t have further obligations when it comes to the containers.
All of this sounds very good, but finding partners for one-way moves aren’t always easy and require a lot of manual work for you. You have to source and vet partners, set up legal agreements, monitor the deal, add container insurance, and so on.
But it doesn’t have to be that way. On Container xChange we want to make it easier for you to use one-way containers.
Ready for your next container leasing adventure?
To make it safer and even easier for you, every xChange member goes through a mandatory background check, before they can make deals on the platform.
You can also see the performance reviews and partner ratings on their company profile on xChange. Ensuring that you can see what other companies say about them and who else they work with.
And to make it even simpler, all members fill out the same contract upon entry on the platform. Making your negotiations smoother and your work faster. So you see, it doesn’t have to be that difficult to get started on your one-way container leasing journey.