Benefits of Using Container Rental Services

Find Out How You Can Benefit From Our Container Rental Services in Miri!

You can commonly find container rental services used by shipping companies. Although it is widely used by shipping containers, it does not mean that other services or industries don’t need it. Here at TKR Engineering, we also provide container services.

Do you know that container services can easily benefit you in quite a few ways? Container rental services really does benefit you in many ways. Here are some benefits of using the container rental services provided by TKR Engineering. Note that our container rental services are largely based in Miri, Sarawak. We don’t just provide container rental services to local Mirians, but we also provide the service to all Sarawak companies and Malaysian companies.

The Advantages of Using Container Rental Services

Let’s have a look at how you can benefit from container rental services from this mini-list.

1. Multi-purpose storage spaces

Storage containers can be used for a number of situations. Whether you need space for holding office files, unused equipment, or excess inventory, container rental can be a solution. The durable build of the storage containers means your assets will be safe from bad weather, worksite debris, and break-ins. Our storage container rentals come with a secure lock, protecting your valuable from raiders.

2. Efficiency

Travelling between an off-site storage unit can cost your company time and money. Having a storage unit at your workplace means that you can easily access important equipment and forms to complete your much needed daily tasks. Maximize productivity and flexibility when the things you need are stored within your easy reach. Storing machinery and other assets at an off-site location means you are limited to external business hours. You may not even be able to access your supplies when you need it.

Having your own storage also means you can rearrange for your equipment and assets as needed to fit your work. Remove and add any assets from the unit to meet the needs of your company. Choose the size that best fits you and can grow with your business.

3. Flexibility

Storage containers provide a lot of benefits if you are looking for a storage solution that can adapt to your plans on the go. By renting out your container instead of buying it, you can take this intrinsic flexibility even further.

Timing

Renting a shipping container works for circumstances where time is of the essence.

A storage container can be delivered to you in a relatively short period of time. You can even place it right where you need it. This makes it possible to quickly acclimatize to unforeseen complications in ongoing projects at home. You can even keep track of it at your place of business with on-demand storage space.

Retail businesses can benefit from the container rental process to help themselves prepare for seasonal purchasing spikes and other demanding times. That means they do not have to commit to a large payment. As soon as you no longer need your hired shipping container, you can return it without many problems. You can even immediately free up access to space it took up.

Buying a container out-and-out means making plans for long-term storage purposes. Even when the container rental is not in use, it can be more difficult to manage.

Pricing

Renting a storage container for a short period of time is suggestively more cost-effective. It will certainly help you save some money than buying one for the same short-term purpose.

When you rent a storage container, you can take into consideration the type and size before you order it. It’s like just as you will if you were planning on buying the container. On the other hand, unlike making a full buy-out, you can choose to take on a leasing agreement that fits your needs.

Adjustable leasing agreements such as those on offer here at CBOX make it possible to rent containers for short periods of time very easily. You can also rent a storage container for a much longer period of time with a long-term lease or opt for a special finance lease to take ownership of your rented container after a set period of time.

4. Assessing the ideal size and space requirements of your shipping items

Although you can guesstimate the amount of space needed to carry out the work, a lot of companies often need to readjust their items/functions. This is to fit the smaller or larger container a lot better. If you’re buying a container for long-term use, this can be a huge interruption to your plan of space utilization in the future.

There are many different dimensions of shipping containers. However, it is quite challenging to regulate the ideal size for your project before actually utilizing it. Shipping container rentals provide you with the freedom to reconsider the best size of the container after the rental period. This way you can opt for a different size that is better suited for your needs when renting again.

Although this is considered a benefit, we recommend that you seek professional help from your shipping container rental company. You can get them to find the right unit size the first time, especially when you are considering a longer-term rental. If you get the incorrect size when renting, your provider can simply swap them out for you. Buying one will require you to sell the wrong unit first before replacing it. A lot of times these can be very problematic.

Conclusion

Shipping container rentals are great for users looking for short-term, seasonal storages. People looking to buy can still use the rental period as a trial time to reconsider the size and specifications. That way you are able to identify the necessary modifications before buying one. Whatever you require, you can always find us for assistance in identifying the best unit size for a better experience.

For more information, please call TKR Engineering Miri at +6085 433 101 or contact us here at our website.

 

 

Contact Us

Articles That May Interest You

Types of Cooling PPE

Great Custom Fabricated Services You Never Know You Need

Types of Civil Engineering

Container Rental Service is Bound to Make an Impact on Your Business!

TKR Engineering’s Mini-Guide to Getting The Best Container Rental Services

Container Rental Service
Images via Pixabay

Most leading container shipping lines have their global network of services connecting some of the major international trade routes. They own sizeable fleet of containers of their own to meet their global business needs. However, it is neither practically acceptable nor cost-effective to maintain 100% own containers to do business for shipping purposes. Many shipping companies ensure pliability and the quickest access to container units in the anticipated location at the right time on demand. As such, many shipping companies prefer to keep a blend of owned and leased container that is available to them at that point in time.

The carriers may face a state of affairs where they have a shortage of containers at some locations or they may have a need of certain types of containers (Flat Racks, Open Tops, high cube GP 45ft/48ft etc) at other locations. The necessity to ensure the availability of container units as and when required is the leading consideration for many shipping companies to go for leasing. Having said that, leasing may be a suitable choice for the carriers to avoid the costs and problem of re-positioning their own units and also capital investment in container rental service. To respond to the unpredictable and multifaceted shipping market conditions, many company rental services try to maintain their own container stock in the range of 40% to 60% out of their clients’ total container fleet.

In all honesty, leasing is approximately 60 to 70% more expensive compared to ownership from an operational point of view. On the other hand, the size of container fleet handled by the pioneer Leasing companies like Textainer, Pacific Tycoon, CAI International, Triton, Florens, and among others, show their growing market share in the container leasing business internationally. This is because of the comparative business advantage of different lease choices provided by the world-class container rental service companies. Statistics show that in 2019, container rental service companies owned approximately 41% of the global container fleet. The remaining 59% are under the ownership of ocean carriers and other transport operatives.

Different Kinds of Container Rental Services

There are several kinds of container rental services. Here are the few main ones.

Master Lease

Master lease agreement is exclusive among the leasing choices as it permits a great amount of flexibility to the shipping line or other renters. A master lease is designed for a range of containers (maximum and minimum), the duration of the term is flexible (usually short to medium). Furthermore, the collection and return locations are generally more flexible and based on credits.

The leasing company is accountable for the full management of the container fleet (maintenance and repair) and for re-positioning following off-hire and contract conclusion. Under this agreement, the container rental service company acts as a logistics service provider as it has to allocate the distribution of its container assets in line with the container service renters’ transport strategies. This type of agreement permits full flexibility with respects to the location of the containers and as such helps the shipping line to plan and estimate their costs accordingly.

Long Term Lease

Long term rent (sometimes referred to as dry lease), is implemented for longer periods of time which varies between 5 to 8 years. The duration of the lease is equivalent to about 1/2 of the useful life of a container. Unlike a master lease, it does not include any management service by the container renting company. Long term leasing comes with a fixed number of containers and has a predetermined re-delivery timetable. Under this agreement, the container renter is responsible for all kinds of management of the containers during the contractual period. This includes maintenance and repairs and re-positioning. At the end of the schedule, the container renter can either renegotiate the terms for the lease’s extension or deliver the container to an agreed location.

Short Term Lease

Short term container renting (sometimes referred to as ad hoc or spot lease) is generally related with the renter’s temporary need for equipment. Its time frame may be for one way or round-trip service of a vessel. The prearrangement normally takes place when there is a provisional surge in demand either cyclical or unforeseen. Container rental service companies try to avoid having a large share of their equipment on the spot market as container rental fees are unpredictable and strongly influenced by the current global market conditions. During low demand periods, the risk exposure of short-term lease is high due to expected increase in the capacity of indolent equipment. The renter is responsible for re-positioning and repair of the equipment.

Container shipping companies need to build up a container inventory having a suitable blend of owned and leased containers which can help maximize utilization of the equipment for fulfilment of its growing business obligation. At the same time container units to be hired under a combined policy of master lease and long-term lease to get optimal flexibility for maximum utilization of the units as per the business plan of the container rental company.

Conclusion

Container Rental Service
Images via Pixabay

Container Rental Services is definitely an important aspect when you are looking to transport items long-range by sea. If you ever need such services, do not hesitate to contact us. We are willing to accommodate your container rental service needs accordingly.

Contact Us

Articles That May Interest You

We Do Fabricated Life Boat Cradle!

How Well Is Oil and Gas Price Doing in Malaysia?

[News Rehash] Marine Link: Shipbreaking and Recycling a Ship Safely