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Stock Market & Financial Investment News

News Breaks
February 12, 2013
08:48 EDTTGHTextainer says 2013 outlook remain attractive
Shipping lines are likely to remain dependent on container lessors for the majority of their container needs due to limitations on both the cash they have available for investment and the funding provided by banks. Manufacturers are expected to produce 2.7M TEU in 2013 compared to 2.5M TEU during 2012, and lessors are expected to purchase 70% or more of total production versus 65% last year. Additionally, shipping lines are expected to continue their recent increase in disposals, which provides opportunities for purchase leaseback and trading business as well as increases in the demand for new replacement containers.
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July 15, 2014
09:02 EDTTGHTextainer acquires 7,600 TEU of managed containers for $9.4M
Textainer Group Holdings Limited announced that it acquired approximately 7,600 TEU of standard dry freight and refrigerated containers from its managed fleet for approximately $9.4M. “We are pleased to purchase additional containers from our managed fleet as we continue to grow our overall fleet and increase the percentage we own,” stated Philip K. Brewer, President and CEO of Textainer. “This transaction increases the owned portion of our fleet to 77% up from 59% at the start of 2012. The acquired containers are seasoned income producing assets which we expect will be immediately accretive to earnings and contribute to long-term growth in shareholder value,” concluded Mr. Brewer.
July 10, 2014
10:05 EDTTGHOn The Fly: Analyst Initiation Summary
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