Mitsubishi HC to invest $1.35bn in containers on rising Mideast tensions

U.S. unit CAI looks to capitalize on Suez Canal slowdown

20241005N Containers

In addition to increased demand for marine shipping containers due to high trade volume, geopolitics is also driving demand. (CAI International)

RIHO TAKAHASHI, Nikkei staff writer

TOKYO -- Mitsubishi HC Capital will invest approximately 200 billion yen ($1.35 billion) this year in shipping containers through group company CAI International, the largest such purchase in 2024, Nikkei has learned.

Tensions in the Middle East have caused container ships to avoid passage through the Red Sea and Suez Canal, extending the length of voyages and tightening market demand for containers while global maritime trade volumes remain strong.

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