Bulk Distributor May/Jun 18 - Page 4

4 Tank Containers B ULK D ISTRIBUTOR Global tank fleet keeps growing I TCO’s 6th Annual Tank Container Fleet Survey estimates that the global tank container fleet stood at 552,000 units worldwide at 1 January 2018. This represents an increase of 8.7 percent over the previous 12 months which posted a figure of 508,000. A total of 48,500 units were manufactured in 2017, compared to 44,500 in 2016, an increase of 4,000 units. The survey shows how, numerically, the industry continues to be dominated on a global level by a relatively small number of major tank container operators and leasing companies. Operating companies have a combined total of 365,000 tanks (owned or leased-in), of which the top 10 account for over 215,000 tanks; 59 percent of the global operators’ fleet. Of the 245,000 tanks owned or managed by leasing companies, the top 10 lessors account for 184,392 tanks, which is about 75 percent of the total leasing fleet. However, the growth in the demand for tank The industry continues to be dominated by a small number of major operators and leasing companies May/June 2018 containers has enabled smaller players to enter the market - usually offering niche products or working in a regional market. Reg Lee, ITCO President, noted: “This year’s ITCO Tank Container Fleet Survey again shows significant growth in the tank container business during the past 12 months. The expansion of the tank container industry underlines the fact that this mode of transport is safe, reliable, economic and sustainable. Much of the industry’s growth continues to take place in Asia, where both deepsea and regional operators see opportunities to expand their business, by encouraging shippers to move their products in tank containers – instead of other forms of transport.” As with last year, the survey and analysis were conducted by Prof Bingliang Song, of Shanghai Maritime University, China. The survey estimates that about 4,500 tanks were either scrapped or sold for static storage. Tank containers are normally depreciated over a residual life of 20 years but often remain in service for a longer period. That service life has in the past been extended by remanufacturing and refurbishment, but in recent years the price of new tanks has been low making this option unviable. Some tanks are sold for recycling as scrap metal, esp XX[HYB[\\[\H[XYY^[ۙXۛZX\Z\ܘ\ZYHBXXHXۛZX[ۈ[H[Y\X[XHوܘ\Z[\œY[\\˂[[H\HHY\H܈\[\Z[H[ܙX\H[]\BYX\YX[HXۛZXو[]][H\X\܈]›X[YX\H\\H[ܙX\Y܈\Z\[\[˂\]ܜ[[ۙ[۝Z[\\]܈Y]HY[Hݙ\H L[۝\[\HܛوH]ܝ [[HY] \š[\YH N ] H[X\H M ̋ [H]\\^KXZ[]H\Y\\]܈Z[[۝Z[\ K MJH[Y\ܛ\ ̋MN KSB[[ۙ\]܈Y]HY[Hݙ\H\ L[۝\HܛوH]ܝ ”[[HY]ؘ[H[[H[H[[[[X\[‘^\Y[HSx&\\XH[\ݙ\H\\Y\Y\X\[]\“]ܝ[[\H\XX[[[H[[Y[˜ܙX]HH[[ۈۙ\\]ܛH܈[\][ۘ[Y\XH[›\][ۜ[ Lˈ[܈\H\\ܚY[\[&\][YܙY[Y[8&K[[H\[Y\\]H\›ۙH\[K]\[ˈ[\H]ۙ\\X\KH\\ܙX]YH[H[[ܙ[\][ۋH[\ܝ[Hو[H\HX\]\[YXY[HܛوH\ܝYY]\]YH[HZ[^H\Xˈ\BH\[\ K []ݙ\HYX\XX  K\ܜ•ܚ]SHX\H[\ۂ  NL L L  N B[Y\[X۝Z[\˘B˙[X۝Z[\˘BH[]ܝH][Y[[[ۙ[۝Z[\X\[˜\[Y\\H۝[YYY]^[[ۈ[[ۙYHوHL\\ˈH\\ ^YܛYK^[YH L \[ M˂HXۙ[\Y\\ܜ8$XXؘ[[]\Z[\$۝XYYKXX&\Y]YXH  [H]\Z[\&\[H K  K ݙ\BYX\][H]Z[HوH][\]YX\XYBYۚYX[[\[[YXۈX\[]\]\\\\\[