Container Shipping Bankruptcy Lends Insight on Potential Fallout from Trade War
Global trade tensions have captured headlines in recent months, as the imposition of a series of tariffs and counter-tariffs by various global trade counterparts has raised questions about the possibility of a trade war. Such development could potentially have an impact on global trade flows, and, consequently, the companies which facilitate international movement of goods.Though the situation is still developing and the final impact is uncertain, Gregory Draco, the Chief U.S. Economist at Oxford, predicted in July that the tariffs would create an 0.1 percent to 0.2 percent drag on U.S. GDP.
Textainer Container Fleet Reaches 3-Million TEU Mark
Container leasing company, Textainer Group Holdings Limited, say that their their fleet surpassed 3 million TEU representing a major milestone for the company as well as the industry. “We are very proud to be the first leasing company to reach 3 million TEU,” commented Philip K. Brewer, President and Chief Executive Officer of Textainer. “Reaching a fleet size of 3 million TEU confirms the confidence that our customers have placed in us since our founding almost 35 years ago.
