SALWA Logistics

Triton Container International and TAL International Group announced that they would merge to create the world’s largest lessor of intermodal freight containers with a combined container fleet of nearly five million TEUs and revenue earning assets of $8.7 billion.

Triton was founded in 1980 and is currently owned by Warburg Pincus and Vestar Capital Partners, along with other private investors, including members of Triton management. Located in Bermuda, Triton operates a container fleet of 2.4 million TEUs, services its customers through 19 subsidiary offices in 13 countries.


TAL International, located in Delaware, operates a container fleet of 2.4 million TEUs, and services its customers through 17 offices in 11 countries.

The companies say the merger will create the world’s largest intermodal container leasing company with a container fleet of 4.8 million TEUs, resulting in enhanced container supply capability.

The combined company expects to realize $40 million per year in annual SG&A synergies, by aligning infrastructure and creating a best-in-class systems environment.

US freighter aircraft lessor Atlas Air Worldwide (AAW) reported a net 2015 third quarter loss of $12.8m as it refinanced higher cost debt, but repeated its strong outlook for the fourth quarter and full year.

Atlas expects airfreight to grow at “a reasonable rate” in 2015 despite tougher year-over-year monthly industry data comparisons in recent months.

Seatruck adds third ship
[ November 4, 2015 // Chris ]

Irish Sea ro ro specialist Seatruck Ferries is to add a third vessel to its Liverpool-Dublin route, from 17 November. It says that the resulting additional midweek departures will provide much needed peak capacity on a route with increasing unaccompanied traffic.

Seatruck explains that driver shortages are causing operators to switch to unaccompanied movements from ports, which reduces road mileage compared with the transit through Wales or Scotland.