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Fitch: Container leasing recovery to persist through 2018

Fitch Ratings expects the recovery in container and containership leasing industries to continue through 2018 despite uncertainties over global trade in view of the proposed U.S. tariffs.

Below-average trade volumes and declining steel prices led to the downturn in the container leasing sector in 2015 to 2016, but the container market has corrected in 2017 and year-to-date due to lower inventory levels from the four major container manufacturers.

The rating agency said the container market correction will likely persist but warned that a contraction in global trade may lead to reduced container throughput, lowering demand for container and containership leasing.