2017 Tank Container Global Survey shows 8.5% industry growth

The International Tank Container Organisation (ITCO) has published its 2017 Tank Container Fleet Survey.

The survey showed that despite increasingly tough trading conditions, the tank container industry showed continued growth in 2016. Figures published show that the global tank container fleet grew by 8.5% in 2016 compared to the previous year, with the overall figure now standing at approximately 508,000 units worldwide.

Much of the industry’s growth continues to take place in Asia, where both deep-sea 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.

In terms of the production volumes in 2016, there was a total of 44,450 units manufactured, compared to 43,780 in 2015, an increase of 720 units over the previous year.

The complete Survey, giving details of the size, ownership and growth of the world’s tank container fleet, can be downloaded from the ITCO website at www.www.itco.org

15th Aug 2017