Will 2018 Be Textainer Group Holdings Limited's Best Year Yet?
The global shipping industry remains sabotaged by headwinds and obstacles. At the end of the third quarter of 2017 daily rates for vessel owners were stuck at one-third of their historical average of the last quarter century. That's difficult to work with. Most shipping stocks have remained in disarray as a result. Textainer Group Holdings (NYSE: TGH) isn't one of them. The stock is up nearly 200% year to date.
How is that possible given the incredible loss of wealth among most other companies in the industry?
Well, Textainer Group Holdings boasts the world's second-largest fleet of storage and shipping containers -- leaving the disadvantaged task of renting out ships to others. That didn't save it from all of the recent ills facing the industry, but a sudden surge in shipping container pricing has lifted the company's fortunes.
Source: Fool.com
