Trifleet expands tank container fleet of 20ft cryogenic tank containers

Trifleet Leasing, the world’s largest owner-managed tank container leasing company, has expanded its tank container fleet with twenty 20ft 22,000 liter cryogenic tank containers for gases, such as CO2, liquid oxygen, nitrogen, liquid argon and LNG. The first tanks are already available. The full range of tanks will be delivered until June 2019.

The twenty additional 20ft 22,000-litre tank containers will be used in particular to transport cryogenic gases such as such as CO2, liquid oxygen, liquid nitrogen, liquid argon and LNG. The tank containers are built to the latest technical standards for 20ft cryogenic tanks. They have an optimal payload due to the low tare weight and high capacity of 22,000 litres. Compared to the previous generation, weight has been reduced by 500 kg (from 8,000 down to 7,500 kg) in the case of the 20ft 17.2 bar tank containers, and by 1,250 kg (from 9,550 down to 8,300 kg) in the case of the 20ft 22 bar tank containers. Clients benefit from higher payloads, resulting in lower transportation costs and an improved environmental impact through reduced transport needs. All CO2 cryogenic tank containers are provided with a pump unit. Trifleet expects to lease the new tank containers within Europe in particular.

“As an established tank container leasing company, we entered the cryogenic business in early 2018,” said Philip van Rooijen, Managing Director of Trifleet Leasing. “The feedback we have received so far from the cryogenic industry confirms our technical abilities as a reliable partner offering superior cryogenic tanks and equipment. This early success and the market growth expectations for cryogenic gases encouraged us to invest in additional cryogenic tanks, and we are ready to expand this specialised fleet further.”

Trifleet leases tanks with a state-of-the-art design, leading to holding times of, for example, more than 100 days in the case of LNG. Furthermore, it offers ancillary equipment, such as cryogenic pumps, hoses and installation systems. The company’s team, managed by Jaap Kuijpers Wentink, possesses advanced technical experience and in-depth knowledge about the market.

With its offer, Trifleet is well positioned to serve the growing market demand for cryogenic gases such as air gases and CO2. For example: According to Million Insights (August 2018), the global liquid nitrogen market is predicted to grow at a CAGR of 4.4 percent in the period 2018-2025. The worldwide CO2 market is expected to grow at CAGR of nearly 7 percent in the period 2018-2022 (source: Technavio, December 2018). The small-scale LNG market is projected to reach $51.9 billion by 2026 worldwide, which shows a CAGR of 7 percent (source: TechSci Research).

For more information visit www.trifleet.com

6th May 2019