This is good news for Jim Sherwood's Sea Containers which, through its joint venture with GE Capital, is a major lessor of containers as rates for old containers are expected to rise rapidly until steel availability improves.
On the other hand, the rationing means the company which has 1.2m teu of boxes on its books, will have fewer new containers to lease out - down from $204m worth last year to possibly only $150m in 2004.
The
