Asset ManagerJenni Chan
Overview
- Sector transport
- Vehicle AEIF2
- Investment Year 2021
- Status Invested
- Country Europe-wide, Singapore
Key Metrics
- Ownership 90%
- GRESB 2023 6th out of 8 Other Transport
- Employees 12
- Fleet size c.23,000
- Customers 200+
Market
- Favourable underlying market growth for tank containers driven by increased chemical manufacturing output and transportation modal shift
- Proven resilience of the sector, with demand for tank containers continuing over economic downturns and throughout the COVID-19 crisis
- Barriers to entry due to intensive capital requirements, management of a global network and technical complexity
Asset
- One of the largest independent ISO tank container lessor globally with proven track record since 1987
- Operates out of the Netherlands and Singapore
- Young, diversified fleet with an average age of four years. The tank containers typically have lifespans of up to 20 years.
- Predictable cashflows from robust short and medium term contracts and high utilisation
- Well-diversified asset base is combination of standard tank containers and specialised units
- Strong ESG profile including favourable environmental credentials, sustainability benefits (reusable, reduced waste and recyclable) and a proven track record of safety